post

Ultratech Cement posts PAT of Rs 2,435 cr in FY19; board ...

Apr 24, 2019· Ultratech Cement, a part of Aditya Birla Group company, on Wednesday reported a consolidated profit after tax (PAT) at Rs 2,435 crore for the year ended March 31, 2019.

Read More
post

Jaypee's UltraTech deal hits a hurdle - business news ...

UltraTech Cement Ltd has revised the price at which it will buy the cement division of Jaiprakash Associates Ltd to Rs.15,900 crore from Rs.16,500 crore while signing a definitive agreement for ...

Read More
post

Jaypee raises cement business value, Birla's UltraTech to ...

UltraTech and Jaiprakash Associates on 31 March, signed an agreement for sale of the latter's cement division, which has a capacity of 21.2 million tonnes in factories located across five states. Last December, UltraTech was keen to snap up the complete cement portfolio of the Jaypee Group for Rs 19,500 crore along with some private equity players.

Read More
post

Jaypee sells cement biz to UltraTech for Rs 16,500 cr ...

The Jaypee group, which has Rs 60,000 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 16,500 crore. The enterprise value is far less than the Rs 21,000 crore expected by the Jaypee group until recently. However, with a March-end deadline to repay, Jaypee was ...

Read More
post

Jaypee Group plans to sell cement business; UltraTech ...

Dec 28, 2015· MUMBAI: Aditya Birla flagship UltraTech, Dalmia Bharat backed by private equity investor KKR and Shree Cement are among prospects approached to take over the Jaypee Group's cement business. Plans for an outright sale of the residual 20 million tonne portfolio for an estimated Rs 19,000 crore enterprise valuation are again gathering momentum as the infrastructure conglomerate …

Read More
post

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

Sep 12, 2013· UltraTech Cement, the flagship company of the Aditya Birla group, announced on Wednesday the acquisition of a Gujarat-based cement unit of Jaypee …

Read More
post

UltraTech to acquire Gujarat unit of Jaypee - The Hindu

Sep 11, 2013· UltraTech Cement, a part of the Aditya Birla group, said on Wednesday that it would acquire the 4.8 million-tonne Gujarat unit of Jaypee Cement Corporation Ltd. …

Read More
post

Ultratech buys Jaypee Cement unit - Times of India

Sep 12, 2013· India Business News: Aditya Birla Group flagship company Ultratech Cement on Wednesday announced acquisition of Jaypee Group's Gujarat cement unit for an enterprise value

Read More
post

Jaypee Ultratech News and Updates from The Economic Times ...

May 20, 2018· UltraTech shareholders approve merger of JP Group's cement biz 21 Oct, 2016, 09:30AM IST According to the deal, UltraTech will pay Rs 16,189 crore to buy Jaypee Group's cement operations that have a total capacity of 17.2 MTPA.

Read More
post

Jaiprakash Associates - Cement industry news from Global ...

India: Jaiprakash Associates' sales have nearly halved following the sale of much of its cement business to UltraTech Cement in mid-2017. Its sales dropped to US$1.14bn in the year to the end of March 2018 from US$2.19bn in the same period in 2017. The company said that its annual results were not comparable due to the sale of six integrated cement plants and five grinding plants.

Read More
post

Jaypee Ultratech: Latest News & Videos, Photos about ...

Jaypee Ultratech Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Jaypee Ultratech Blogs, Comments and Archive News on Economictimes.com

Read More
post

Jaypee Group - Cement industry news from Global Cement

India: UltraTech Cement and Jaiprakash Associates have revised their deal for UltraTech to buy 21.2Mt/yr of cement production capacity from Jaiprakash Associates. The revised value of the deal is now US$2.47bn, up from US$2.40 agreed previously. UltraTech will have to pay an additional US$70m upon completion of a grinding unit under construction.

Read More
post

Jaypee Group sells cement plants to Ultratech - The Hindu

Debt-ridden Jaiprakash Associates on Thursday announced the part sale of its cement business to the Kumarmangalam Birla-led Ultratech for Rs 15,900 crore, marking the biggest consolidation in the ceme

Read More
post

UltraTech - Latest News on UltraTech | Read Breaking News ...

Ultratech to buy majority stake in Jaypee's Gujarat plant "Talks are on at advanced stages and the deal is likely to happen in next 10-15 days. Ultratech will buy Jaypee Cement Corporation's 51 percent stake in Gujarat plant, which has an annual capacity of five million tonnes" a …

Read More
post

Ultratech jaypee deal: Latest News, Videos and Special ...

Jun 30, 2017· Ultratech jaypee deal: Latest and Breaking News, video, special reports about Ultratech jaypee deal. Explore more for Ultratech jaypee deal information, top headlines & more on Livemint.

Read More
post

ICICI starts debt restructuring for Jaypee as cement deal ...

ICICI starts debt restructuring for Jaypee as cement deal with UltraTech hits roadblock Jaiprakash Associates Limited owes its lenders over Rs 30,000 crore and the sale of its cement assets is a vital component of its debtreduction strategy.

Read More
post

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.

Read More
post

jaypee ultratech: Latest News, Videos and Photos of jaypee ...

Apr 23, 2020· jaypee ultratech News: Latest and Breaking News on jaypee ultratech. Explore jaypee ultratech profile at Times of India for photos, videos and latest news of jaypee ultratech. Also find news ...

Read More
post

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.

Read More
post

UltraTech to restructure Jaypee deal if mining laws not ...

Aditya Birla Group firm UltraTech Cement recently acquired 22.4-million-tonnes-per-annum cement capacity of Jaypee in an all-debt deal estimated at around Rs 16,500 crore.(Reuters)

Read More
post

ET Analysis: Ultratech picks up Jaypee's 22 MT cement ...

Feb 29, 2016· MUMBAI: Mapping the pan-India footprints of Jaypee and UltraTech will help in understanding that buying out Jaypee's 22.4 million tonnes of cement capacity will help the Aditya Birla Group flagship improve its market share in the key northern, central and southern zones where its presence is either weak or non-existent, without coming into the crosshairs of competition regulators …

Read More
post

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

Home >companies >news >Jaypee, UltraTech Cement looking to seal Rs16,189 crore deal by July. ... UltraTech in July last year said it will acquire Jaiprakash Associates' cement plants, with a ...

Read More
post

UltraTech buys Jaypee cement units - Times of India

Dec 24, 2014· MUMBAI: Kumar Mangalam Birla-led Aditya Birla Group's flagship firm UltraTech Cement has decided to acquire two cement units of Jaiprakash Associates (JAL) with a …

Read More
post

Ultratech bets on Jaypee formula to up output at Binani ...

Cement maker Ultratech pumped in additional Rs 200 crore in 18 months to bring its Jaypee acquisition on par. The Aditya Birla Group company now looks to repeat the process for its two latest acquisitions — Binani Cement and Century Cement.

Read More
post

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

UltraTech Cement, an Aditya Birla Group Company, has acquired the 4.8-million tonne per annum (map) Gujarat unit of Jaypee Cement Corporation, for Rs 3,800 crore. As part of the deal, UltraTech will take over a debt of Rs 3,650 crore. Click Here to read the full Article.

Read More
post

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.

Read More
post

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.

Read More
post

Jaypee Ultratech News and Updates from The Economic Times ...

UltraTech eyes Jaypee Group's three cement plants in Madhya Pradesh 07 Oct, 2014, 12:13PM IST On the BSE, shares of UltraTech fell over three per cent to close at Rs 2,558.90 while the scrip of Jaiprakash Associates gained more than two per cent to close at Rs 27.30.

Read More
post

UltraTech Cement acquires Jaypee Cement unit ... - Zee News

Sep 11, 2013· UltraTech will take over all assets and liabilities of the unit at closing and the consideration will be the enterprise value less liabilities taken over, Birla said. The consideration will be discharged by allotting UltraTech shares worth Rs 150 crore to Jaypee Cement shareholders.

Read More
post

UltraTech buys Jaypee cement units for Rs 15,900 cr ...

A two-year-long process ended on Thursday, with Jaypee finally selling off two cement units to UltraTech 2014 . Dec 23: Jaypee sells two cement units in Madhya Pradesh to UltraTech for Rs 5,400 crore 2016 . Feb 26: Bombay High Court does not allow the sale because of changes in The Mines and Mineral Development and Regulation Act Feb 28: Jaypee signs an MoU to sell 22.4 million tonnes …

Read More
post

UltraTech Acquires Gujarat Unit Of Jaypee Cement | M&A ...

UltraTech Cement, an Aditya Birla Group Company, has acquired the 4.8-million tonne per annum (mtpa) Gujarat unit of Jaypee Cement Corporation, for Rs 3,800 crore.As part of the deal, UltraTech will take over debt of Rs 3,650 crore. It will issue equity worth Rs 150 crore, with the fresh issue resulting in dilution of no more than 0.32 per cent of its capital.

Read More
post

Jaiprakash Associates, Jaypee Cement biz sale to UltraTech ...

Jan 12, 2018· UltraTech announced its intention to take over the troubled JP Cement for ₹15,900 crore in March 2016, and earlier this year, the valuation was increased to ₹16,189 crore.

Read More
post

Jaypee Ultratech News and Updates from The Economic Times ...

Jun 30, 2017· Jaypee Ultratech News and Updates from The Economictimes.com. ... Ltd rallied on Wednesday, after media reports highlighted that Ultratech Cement is looking at possible acquisition of Jaypee Group's three cement plants. Orient Cement, JP Associates close mixed amid business talks 06 Oct, 2016, 11:46AM IST ...

Read More
post

India: UltraTech concludes Jaypee deal

UltraTech Cement has struck a deal to obtain the cement assets of Jaypee Group with a last-minute increase in acquisition price on Monday. UltraTech will purchase Jaypee Group's cement operations, that have a total capacity of 17.2Mta spread across Uttar Pradesh, Madhya Pradesh, Himachal Pradesh, Uttarakhand and Andhra Pradesh, for INR161.9bn (US$2.4bn).

Read More
post

Jaypee Ultratech News and Updates from The Economic Times ...

Dec 02, 2019· Jaypee Group sells cement plants to Ultratech for Rs 15,900 crore 04 Apr, 2016, 11:58AM IST However, the size of the deal announced last month has been reduced from Rs 16,500 cr as Jaiprakash Associates decided not to sell its cement plant in Karnataka.

Read More