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Jaypee Group Sells Cement Grinding Plant For Rs Crore

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Jaypee Group Sells Cement Grinding Plant For Rs Crore

Mar 31 2016 Jaypee Group sells cement plants to Ultratech for Rs 15900 crore Debt-ridden Jaiprakash Associates today announced the part sale of its cement business to the Kumarmangalam Birla-led Ultratech for Rs 15900 crore marking the biggest consolidation in the cement sector.

  • UltraTech buys Jaypee cement units for Rs 15 900 cr

    UltraTech buys Jaypee cement units for Rs 15 900 cr

    While the deal will take UltraTechs cement capacity to over 91 mtpa from the present 68 mtpa it will help Jaypee group reduce its debt. As against the earlier estimate of Rs 16500 crore the deal size reduced by about 3.5 per cent or Rs 600 crore as the transaction excludes the 1.

  • Jaypee Group sells cement plants to Ultratech for Rs

    Jaypee Group sells cement plants to Ultratech for Rs

    Mar 31 2016 today announced the part sale of its cement business to the Kumarmangalam Birla-led Ultratech for Rs 15900 crore marking the biggest consolidation in the cement sector. However the size of the deal announced last month has been reduced from Rs 16500 crore as Jaiprakash Associates Ltd JAL decided not to sell its cement plant in Karnataka with a capacity of 1.

  • JSW Energy to buy Jaypee plant in MP Business News The

    JSW Energy to buy Jaypee plant in MP Business News The

    Sep 09 2015 For instance in April it sold its 1.5 MTPA cement grinding unit at Panipat Haryana to Shree Cement for Rs 358.22 crore. That deal followed another transaction with Ultratech Cement in January when the firm transferred two of its cement plants with an aggregate grinding capacity of 4.9 MTPA and a 180 MW thermal power plant for Rs 4537.90.

  • UltraTech Eyes Jaypees 3 Cement Plants in Madhya Pradesh

    UltraTech Eyes Jaypees 3 Cement Plants in Madhya Pradesh

    Oct 07 2014 Sources however maintained that UltraTech is looking to acquire the three cement plants of Jaypee Group in Reva Madhya Pradesh and pegged the valuation at around Rs 5500-6000 crore.

  • UltraTech buys JPs cement plants for Rs 17 000 crore

    UltraTech buys JPs cement plants for Rs 17 000 crore

    Feb 29 2016 Aditya Birla Group firm UltraTech announced acquisition of debt-ridden JP Groups cement plants for nearly Rs 17000 crore about USD 2.

  • Jaypee sells two cement units to UltraTech for Rs 5 400 cr

    Jaypee sells two cement units to UltraTech for Rs 5 400 cr

    Dec 23 2014 Debt-laden infrastructure conglomerate Jaypee Group on Tuesday announced a deal to sell two of its cement factories and associated power plants to Aditya Birla Group company UltraTech for Rs.

  • Orient Cement calls off deal to acquire 2 units from

    Orient Cement calls off deal to acquire 2 units from

    May 31 2018 CK Birla Group firm Orient Cement has terminated the agreement to acquire two entities Bhilai Jaypee Cement and Nigrie Cement Grinding Unit from Jaypee group firms for a total consideration of Rs 1.

  • Jaypee Group sells cement plants to Ultratech for Rs

    Jaypee Group sells cement plants to Ultratech for Rs

    Mar 31 2016 Jaypee Group sells cement plants to Ultratech for Rs 15900 crore - Jaiprakash Associates in a filing to the BSE said its board on Friday approved the definitive agreement with Ultratech Cement UTCL for sale of part of its cement business.

  • QBiz Sensex Meltdown JaypeeUltratechs Rs 15 000cr

    QBiz Sensex Meltdown JaypeeUltratechs Rs 15 000cr

    Apr 01 2016 2. Jaypee Group Sells Cement Plants to Ultratech for Rs 15900 Cr FE.

  • UltraTech to buy two cement plants from Jaypee for Rs

    UltraTech to buy two cement plants from Jaypee for Rs

    Dec 24 2014 Mumbai UltraTech Cement Ltd has agreed to buy two cement plants and related power assets of Jaiprakash Associates Ltd in Madhya Pradesh for Rs.5400 crore giving the countrys biggest cement maker the capacity to cater to lucrative markets in the central Indian state and neighbouring Uttar Pradesh. As part of the deal the Aditya Birla Group firm will acquire Jaiprakash Associates.

  • Jaypee Group sells part of cement biz to UltraTech for Rs

    Jaypee Group sells part of cement biz to UltraTech for Rs

    Mar 31 2016 Jaypee Group sells part of cement biz to UltraTech for Rs 15900 cr Size of the deal announced last month has been reduced from Rs 16500 crore as Jaiprakash Associates decided not to sell its cement plant in Karnataka.

  • Jaypee sells cement biz to UltraTech for Rs 16 500 cr M

    Jaypee sells cement biz to UltraTech for Rs 16 500 cr M

    Jaypee sells cement biz to UltraTech for Rs 16500 cr The Jaypee group which has Rs 60000 crore of debt on its books was under pressure from the lenders to repay. UltraTech will take over the debt of the cement company from Jaypee whose loans would then get reduced by Rs 16500 crore. The enterprise value is far less than the Rs 21000.

  • Jaypee Cement Latest News Photos Videos on Jaypee

    Jaypee Cement Latest News Photos Videos on Jaypee

    Jul 17 2018 Jaiprakash Associates on Monday announced that it will sell 74 per cent stake in Bokaro Jaypee Cement its joint venture with state-run SAIL to Dalmia Cement Bharat for R s.

  • Jaypee Groups Rs61 285 crore debt problem

    Jaypee Groups Rs61 285 crore debt problem

    Aug 02 2015 In December two of Jaypees cement factories and associated power plants were sold to UltraTech Cement Ltd for 5400 crore.

  • All you need to know about Ultratech cement and Jaypee

    All you need to know about Ultratech cement and Jaypee

    The deal will help the Jaypee Group to raise its debt of Rs 55000 crore to about Rs 3650 crore. Rationale for Jaypee Outstanding debts and interest. If Jaypee manages to sell the assets fully and use the proceeds for repayment as per the plan it will be able to raise its debt from Rs 24126 crore to around Rs 7000 crore by 31 March 2015.

  • Jaypee group shares go up 38 NewsBytes

    Jaypee group shares go up 38 NewsBytes

    Jul 05 2016 Jaypee group shares increased up to to 34 after the approval by Jaiprakash Associates for the sale of its cement business to UltraTech Cement. The total value of the deal was Rs.16189 crore in.

  • Orient Cement to acquire 2 units from Jaypee for Rs 1 946

    Orient Cement to acquire 2 units from Jaypee for Rs 1 946

    May 31 2017 CK Birla Group firm Orient Cement Ltd today said it would acquire two entities Bhilai Jaypee Cement and Nigrie Cement Grinding Unit from Jaypee group firms for a total consideration of Rs.

  • Jaypee Group Defaults On Rs 4 460 Crore Debt Payments

    Jaypee Group Defaults On Rs 4 460 Crore Debt Payments

    Jun 03 2016 The Group has on a consolidated basis failed to repay Rs 2905.6 crore in principal amount to banks and another Rs 1558.93 crore crore in interest payments.

  • Jaypee Group sells cement plants to Ultratech for Rs

    Jaypee Group sells cement plants to Ultratech for Rs

    Mar 31 2016 Jaypee Group sells cement plants to Ultratech for Rs 15900 crore Debt-ridden Jaiprakash Associates today announced the part sale of its cement business to the Kumarmangalam Birla-led Ultratech for.

  • Jaypee to sell 2 cement units to Orient Cement for Rs

    Jaypee to sell 2 cement units to Orient Cement for Rs

    May 31 2017 NEW DELHI CK Birla Group firm Orient Cement Ltd today said it would acquire two entities Bhilai Jaypee Cement and Nigrie Cement Grinding Unit from Jaypee group firms for a total consideration of Rs 1946 crore.

  • Jaiprakash sells cement plants to UltraTech for Rs 15 900

    Jaiprakash sells cement plants to UltraTech for Rs 15 900

    Apr 01 2016 nder the revised deal UltraTech will buy 21.2 MT of cement capacity from Jaiprakash.

  • Jaypee raises cement business value Birlas UltraTech to

    Jaypee raises cement business value Birlas UltraTech to

    Jul 04 2016 It had sold its stake in the Bokaro cement unit to Dalmia Cement for Rs 667 crore and the Panipat-based grinding unit to Shree Cement for Rs 360 crore. The Group had sold its hydel power projects to JSW Energy for Rs 9700 crore last year. Shares of the company have lost more than three-fourths of its market value since last January.

  • Jaypee sells cement biz to UltraTech for Rs 16 500 cr M

    Jaypee sells cement biz to UltraTech for Rs 16 500 cr M

    Jaypee sells cement biz to UltraTech for Rs 16500 cr The Jaypee group which has Rs 60000 crore of debt on its books was under pressure from the lenders to repay. UltraTech will take over the debt of the cement company from Jaypee whose loans would then get reduced by Rs 16500 crore. The enterprise value is far less than the Rs 21000.