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ultratech deal with jp cement plant

ultratech deal with jp cement plant

UltraTech acquires Jaiprakash Associates' cement plants .

Feb 29, 2016 · UltraTech acquires Jaiprakash Associates' cement plants for Rs 16,500 crore The pact will increase UltraTech's installed capacity by one-third to 90.7 mn tonnes annually, and provide Jaiprakash with much-needed relief to pare its debts.

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Author: Arun Kumar And Rajesh Naidu

Jaiprakash Associates - Cement industry news from Global .

Jaiprakash Associates previously agreed to sell three cement plants to Orient Cement in mid-2017 but this deal was cancelled after a delay of one year. Prior to this the company sold six integrated cement plants and five grinding plants to UltraTech Cement for US$2.5bn in 2017.

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Jaypee, UltraTech Cement looking to seal Rs16,189 crore .

UltraTech in July last year said it will acquire Jaiprakash Associates’ cement plants, with a total capacity of 21.2 million tonnes per annum, in one of the largest deals in the cement sector in .

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UltraTech-Jaypee cement deal closed in relief to banks

Mumbai: UltraTech Cement Ltd, India’s biggest maker of the building material, said on Thursday that it had closed its acquisition of cement plants of Jaiprakash Associates Ltd for Rs16,189 crore .

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UltraTech completes acquisition of Jaiprakash group cement .

Jun 29, 2017 · UltraTech completes acquisition of Jaiprakash group cement business Post-acquisition, UltraTech's capacity has gone up to 93 million tonnes per annum and it is the fourth largest cement player globally, excluding Chinese players.

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Author: PTI

UltraTech, Jaypee revise cement deal to Rs 16,200 crore .

UltraTech Cement, part of the Aditya Birla Group, on Monday agreed to buy Jaiprakash Associates’ 17.2 million tonnes per annum (mtpa) cement capacity for an enterprise value of Rs 16,189 crore. The deal was revised upwards from Rs 15,900 crore that was agreed on March 31. This is the second .

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Author: Abhineet Kumar

Ultratech Cements In It's No.1 Position | M&A Critique

UltraTech Cement, India’s largest cement maker and part of the Aditya Birla Group, on December 24, 2014, said its board has approved to acquire two cement plants of Jaiprakash Associates in Madhya Pradesh for an enterprise value of Rs. 5,400 crore.The transaction, which is subject to due diligence, definitive agreements, and regulatory approvals, will strengthen UltraTech’s position as the .

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UltraTech eyes Jaypee's Bhilai cement plant | Business .

The plant is a joint venture between Jaypee Group (74 per cent stake) and public sector Steel Authority of India (26 per cent). If the deal succeeds, this would be the third plant India’s largest cement maker UltraTech would be buying from the Jaypee Group in about a year and a half.

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Author: BS Reporters

Jaypee Group - Cement industry news from Global Cement

Earlier in 2016, Jaiprakash Associates agreed a deal to sell cement plants in five states to UltraTech Cement for US$2.4bn. Once the deal concludes Jaiprakash Associates will be left with a cement production capacity of 10.6Mt/yr in Madhya Pradesh, Uttar Pradesh, Andhra Pradesh and Karnataka.

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Cementing a Deal: UltraTech Buys JP Cement | M&A Critique

India's largest cement-maker UltraTech Cements Ltd. (UT) had to call off a Rs 5,325 crore deal to buy Jaiprakash Associates Limited's (JP) two cement plants in Madhya Pradesh (5 MTPA) as the Bombay High Court rejected the scheme of arrangement citing the new MMDR Act as the prime reason.

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Cementing a Deal: UltraTech Buys JP Cement | M&A Critique

India's largest cement-maker UltraTech Cements Ltd. (UT) had to call off a Rs 5,325 crore deal to buy Jaiprakash Associates Limited's (JP) two cement plants in Madhya Pradesh (5 MTPA) as the Bombay High Court rejected the scheme of arrangement citing the new MMDR Act as the prime reason.

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Birla's UltraTech buys JP's cement plants for Rs 17,000 .

Feb 28, 2016 · Birla's UltraTech buys JP's cement plants for Rs 17,000 crore. Aditya Birla Group firm UltraTech Sunday announced acquisition of debt-ridden JP Group's cement plants for nearly Rs 17,000 crore (about USD 2.5 billion), making it the biggest deal in the sector.

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Ultratech to acquire JP cement plants

Feb 29, 2016 · UltraTech, the Aditya Birla Group firm announced that it would be acquiring the debt-ridden JP Group's cement plants for almost Rs.17,000 crore (approximately $2.5 billion), making it

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Jaiprakash Jumps as Ultratech Said to Near Cement Plant .

Aug 27, 2015 · Jaiprakash Jumps as Ultratech Said to Near Cement Plant Deal Bhuma Shrivastava and George Smith Alexander . It would mark Ultratech’s fourth purchase of a cement plant from Jaiprakash group .

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Aditya Birla's UltraTech buys JP's cement plants for Rs .

Aditya Birla Group firm UltraTech today announced acquisition of debt-ridden JP Group's cement plants for Rs 16,500 crore (about USD 2.5 billion), making it one of the biggest deals in the sector.

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UltraTech Jaiprakash Cement Plants Deal - The Times of India

Oct 16, 2018 · Check out for the latest news on UltraTech Jaiprakash Cement Plants Deal along with UltraTech Jaiprakash Cement Plants Deal live news at Times of India . UltraTech to set up new cement plant at .

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UltraTech revives Jaypee deal - telegraphindia

UltraTech revives Jaypee deal. Aditya Birla Group company UltraTech today announced the acquisition of debt-ridden JP Group's cement plants at an enterprise value of Rs 16,500 crore, just days after the two companies agreed to sever an agreement on the purchase of Jaypee's two cement plants.

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Birla’s UltraTech buys JP’s cement plants for Rs 17,000 cr

Aditya Birla Group firm UltraTech on Sunday announced acquisition of debt-ridden JP Group’s cement plants for nearly Rs 17,000 crore (about $2.5 billion), making it the biggest deal in the .

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Ultratech To Acquire Two Jp Cement Units - info.shine

Dec 24, 2014 · This is the second time that UltraTech has acquired a cement unit of Jaiprakash Associates. In 2013, the company had agreed to buy Jaiprakash’s Gujarat plant for Rs. 3,800 crore. UltraTech will acquire two cement plants with clinker capacities at Bela and Sidhi in Madhya Pradesh and also the captive power plants for `5,400 crore.

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Jaiprakash Associates saves deal to sell cement plants to .

The Mint had reported that Jaiprakash had not met some financial commitments and that it had sought additional funding from UltraTech to finalise the deal. As per the deal, UltraTech will acquire Jaiprakash cement plants in five states with total capacity of 21.2 million tonnes a year, instead of 22.4 million tonnes proposed initially.

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UltraTech buys JP group’s cement plants for Rs 17,000 cr .

Jan 20, 2018 · Aditya Birla Group firm UltraTech today announced the acquisition of debt-ridden JP Group’s cement plants for nearly Rs 17,000 crore (about $2.5 billion), making it the biggest deal

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UltraTech acquires Jaypee group's cement assets for Rs .

UltraTech Limited has agreed to acquire Jaypee Group’s 22.4 million tonnes of cement capacity assets for Rs.16,500 crore, making it the largest deal in the Indian cement sector. Kumar Mangalam .

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Cementing deal: UltraTech buys JP Group’s plants for Rs .

Aditya Birla Group firm UltraTech on Sunday announced acquisition of debt-ridden JP Group’s cement plants for Rs 16,500 crore, making it the biggest deal in the sector.

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UltraTech cements a good deal - The Hindu BusinessLine

UltraTech Cement has acquired JP Associates’ 4.8 million tonne cement capacity in Gujarat. Along with this comes a 57.5 MW captive power plant, limestone reserves for over 90 years at current capacity and a captive jetty at Sewagram. The consideration for the deal at Rs 3,800 crore is to be .

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UltraTech cements a good deal - The Hindu BusinessLine

UltraTech Cement has acquired JP Associates’ 4.8 million tonne cement capacity in Gujarat. Along with this comes a 57.5 MW captive power plant, limestone reserves for over 90 years at current capacity and a captive jetty at Sewagram. The consideration for the deal at Rs 3,800 crore is to be .

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UltraTech Jaiprakash Cement Plants Deal: Latest News .

Oct 16, 2018 · UltraTech Jaiprakash Cement Plants Deal News: Latest and Breaking News on UltraTech Jaiprakash Cement Plants Deal. Explore UltraTech Jaiprakash Cement Plants Deal profile at Times of India for .

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UltraTech, JP Associates jump 2-8% on Rs 16500-cr cement .

Shares of UltraTech Cement rallied 2 percent on Monday after the Aditya Birla Group firm acquired debt-ridden Jaiprakash Group's cement plants for Rs 16,500 crore (about USD 2.5 billion .

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Jaiprakash sells cement plants to UltraTech for Rs 15,900 .

nder the revised deal, UltraTech will buy 21.2 MT of cement capacity from Jaiprakash. Jaiprakash Associates, which was reeling under heavy debt burden, has announced the part sale of its cement business to Aditya Birla group’s UltraTech for Rs 15,900 crore in a deal

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UltraTech on verge of signing Jaiprakash Associates deal

UltraTech Cement is reportedly on the verge of signing a deal with Jaiprakash Associates to acquire the latter’s cement assets in the Indian state of Gujarat. Following months of negotiations, the agreement is expected to be signed today, according to local press speculation. Both Jaypee and .

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Cement News tagged : Jaypee Group - Page 1 of 2

UltraTech Cement 02 August 2016, Published under Cement News UltraTech has at last agreed terms with Jaypee Group for the acquisition of Jaypee’s cement interests. UltraTech is paying some US$2400m for the acquisition of 17.2Mta of cement capacity across five states as well as a 4Mta grinding plant currently under construction in Uttar Pradesh.

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Overall debt will rise post deal with JP Asso: UltraTech .

Overall debt will rise post deal with JP Asso: UltraTech The company is confident of funding the deal with internal accruals. UltraTech buys JP Associates ' two cement plants in Madhya Pradesh for .

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UltraTech-Jaypee deal: How the companies benefit- Business .

Sep 12, 2013 · While the deal will wipe Rs 3,800 crore off the debt of Jaypee Cement Corporation, the acquisition is more strategic in nature for the Mumbai-based UltraTech Cements.

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Ultratech scraps deal to buy Jaiprakash Associates’ cement .

Ultratech Cement today said it has called off a deal with Jaiprakash Associates (JAL) to acquire its two plants in Madhya Pradesh for an enterprise value of Rs 5,400 crore. "The Bombay High Court has indicated that based on the recent amendments in the provisions of the Mines and Minerals Act, 1947 .

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UltraTech Cement | India's no. 1 Cement Brand

Building your home is an achievement that should be celebrated. Share your pride and sense of fulfilment with the world. Share photos, videos and stories of your

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UltraTech Cement buys JP group plants for Rs.16,500 crore .

Aditya Birla-led UltraTech Cement on Sunday announced acquisition of Jaiprakash Associates Ltd’s cement plants, with total capacity of 22.4 million tons per annum (mtpa), for Rs.16,500 crore .

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UltraTech shareholders approve merger of JP Group’s cement .

Jan 16, 2018 · UltraTech Cement today said its shareholders have approved the merger of the cement business of the debt-laden JP Group with itself. Earlier this year, the Aditya Birla Group firm had announced the ac

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Birla's UltraTech buys JP's cement plants for Rs 17,000 cr .

Aditya Birla Group firm UltraTech today announced acquisition of debt-ridden JP Group's cement plants for nearly Rs 17,000 crore (about USD 2.5 billion), making it the biggest deal in the sector.

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‘Regulatory hurdle’: UltraTech calls off Rs 5,400 cr 2 .

The Aditya Birla Group’s UltraTech Cement on Friday said it has called off its deal to buy Jaiprakash Associates’ two cement assets in Madhya Pradesh for Rs 5,400 crore due to a regulatory hurdle. The company, which had put the purchase of the plant before the Bombay High Court for approval, was .

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