Dalmia Bharat Ltd on Monday announced the acquisition of the cement assets of Jaypee Group's flagship company Jaiprakash Associates Ltd and its associate firms at an enterprise value of Rs 5,666 crore. ... had on last week informed that it will hold a board meeting on Monday to consider a proposal to divest its Nigrie cement grinding …
Dalmia, which has 14 cement plants in 10 Indian states with a total capacity of 37 million tonnes, eventually wants capacity to be increased to 110-130 million tonnes by fiscal 2031.
Cement and infrastructure firm Jaypee Group will invest Rs 1,250 crore on raising the cement grinding capacity of its plant in Himachal Pradesh, in line with its plans to become the third-largest cement producer in the country by 2012.
There are total 14 big and small cement plants in Himachal Pradesh with the Adani Group's Darlaghat and Barmana facilities being the major suppliers, while UltraTech plant, which was acquired ...
Cement major Dalmia Bharat Ltd. has entered into a binding framework agreement to acquire cement, clinker and power plants from Jaiprakash Associates Ltd. …
India: Dalmia Bharat says that it will complete its acquisition of Jaiprakash Associates' cement business, Jaypee Cement, towards the end of the 2024 financial …
Its cement division currently operates modern, computerised process control cement plants with an aggregate capacity of 14.70 MTPA. The company is in the midst of capacity expansion of its cement business and is slated to be a 23 MTPA cement producer by the year 2010 and 30 MTPA by 2011, with captive thermal power plant totalling 342 MW.
Cement and infrastructure firm Jaypee Group will invest Rs 1,250 crore on raising the cement grinding capacity of its plant in Himachal Pradesh, in line with its …
The Jaypee Group is also planning to sell its 1,000MW Karcham Wangtoo and 300MW Baspa II power plants in Himachal Pradesh. The plants are owned by JAL's subsidiary Jaiprakash Power Venture, which ...
In 2016, Jaypee Cement sold a 21.2 MTPA plant to Ultratech Cement for an Enterprise Value/Tonne (EV/T) of $115. Top M&A Deals In The Past: Ultratech Cement has been the torchbearer of the industry ...
To cut its debt further Jaypee Group is planning to sell its two cement units in Himachal Pradesh and it has already initiated dialogue in this regard. Jaiprakash is the …
Green signal for Jaypee cement plant in Himachal. Baldev S Chauhan New Delhi/ Shimla. Last ... the state government had allotted the Rs 600-crore Baga Bhalag cement plant to Jaiprakash (Jaypee) Industries associates, but the crucial green clearance was awaited from the Central government. ... Latest News Company News Market …
Jaypee Cement Corporation unit in Gujarat, India, will come into UltraTech Cement's possession following approval for the acquisition from the Bombay and Ahmedabad High Courts. ... The deal includes the 4.8Mta cement plant with a 57.5MW coal-based thermal power plant, limestone reserves for over 90 years and a captive …
A final decision to acquire the 21.2 million tonnes per annum (mtpa) cement making capacity from the debt-laden Jaypee Group was taken late Monday evening …
NEW DELHI: UltraTech Cement, the flagship cement company of Aditya Birla Group, edged out determined rivals and struck a deal to bag the cement assets of Jaypee Group with a last-minute increase in acquisition price on Monday. UltraTech will now pay Rs 16,189 crore to buy Jaypee Group's cement operations that have a total capacity of …
UltraTech acquires Jaypee group's cement assets for Rs. 16,500 crore Acquisition will augment company's capacity to 90.7 mtpa from the current 68.3 mtpa.
A fortnight after the Adani Group suspended its operations in two cement plants for an indefinite period, crucial talks between Himachal government sub-committee, truckers and company officials ...
Dalmias buy Jaypee cement assets ... on Tuesday, executed definitive agreements with JAL for the acquisition of JP Super Cement plant in Uttar Pradesh at an enterprise value of Rs 1,500 crore and costs and expenses of up to Rs 190 crore. ADVERTISEMENT. However, this will be subject to various clearances and approvals …
At the beginning of 2015, the Congress government, after opposing the illegal plant for years, approved expansion of the very same Jaypee Himachal Cement Plant, for the enhancement of clinkerization capacity, as stated a cabinet spokesman
Mumbai: The Scheme Implementation Committee of the Board of Directors of UltraTech Cement Limited, an Aditya Birla Group company, at its meeting held today, have made effective the Scheme of Arrangement between UltraTech, Jaiprakash Associates Limited (JAL), Jaypee Cement Corporation Limited (JCCL) and their …
Business News: Updating with details) New Delhi, Dec 12 (PTI) Jaiprakash Associates Ltd (JAL) and its group firms on Monday announced the sale of remaining cement a
Jaypee Group's cement facilities are located in the Satna Cluster, M.P. as well as U.P. The cement division of the Group has a rich history of over three decades in producing high quality cement through its state-of-the-art cement plants. The group produces special blend of Portland Pozzolana Cement under the brand names Jaypee Cement, Buland ...
In a major setback to Jaypee Associate Limited, the Himachal high Court has directed the company to demolish its thermal power plant in Bagheri village in district Solan and imposed Rs 100 crore ...
Dalmia's acquisition of Jaypee's plants cover 9.4 mt of cement-making capacity, across plants located in Madhya Pradesh, Uttar Pradesh and Chattisgarh. The acquisition is expected to give ...
The Himachal Pradesh government today signed a memorandum of understanding (MoU) with Jaiprakash Industries Associates Ltd (Jaypee) for setting up …
"We will invest Rs 1,250 crore on enhancing our cement grinding capacity at our Solan plant (HP) and we hope it will take another two years to complete the project," Jaiprakash Associates, flagship company of Jaypee Group, Chief Financial Officer Rahul Kumar told reporters here today.
Mumbai: Dalmia Bharat on Monday said it is acquiring the cement and power plants of cash strapped Jaiprakash Associates (JAL) for an enterprise value of ₹5,666 crore, marking an end to months of speculation over potential suitors for the assets. The assets put together have a cement manufacturing capacity of 9.4 million tonnes per …
SHIMLA: The Himachal Pradesh State Pollution Control Board has issued show cause notices under the Air (Prevention & Control of Pollution) Act, 1981 to Ultratech Cement Plant, Baga in Solan district for allegedly violating anti-pollution norms. "The results of stack emission monitoring of the unit of Ultratech Cement Plant, Baga …
Commissioning of the 3rd cement plant 1.7 MTPA Jaypee Bela Plant in District Rewa, MP. 1999. 1. Hotel Jaypee Palace, Agra set up. 2000. 1. Jaypee Greens Ltd – 458 acre golf centric real estate company comes into being ... Commissioning of 2.00 MnTPA Jaypee Himachal Cement Grinding and Blending Plant, Bagheri (H.P.). 2. Commissioning of …
As part of the deal, UltraTech will take over JP Associates debt of ₹12,000 crore along with ICICI Bank debt of ₹5,300 crore and get access to operate six …
As part of the deal, UltraTech will take over JP Associates debt of ₹12,000 crore along with ICICI Bank debt of ₹5,300 crore and get access to operate six integrated cement plants and five ...
Jaypee sells cement plants to UltraTech for Rs 15,900 cr The board of Jaiprakash Associates Limited (JAL) on Thursday approved a definitive agreement with UltraTech Cement (UTCL) for sale of part ...