jaiprakash associates cement plant sale

jaiprakash associates cement plant sale

Jaiprakash Associates saves deal to sell cement plants to ...

2016-7-4  Jaiprakash Associates Ltd has finalised a deal to sell nearly two-thirds of its cement business to UltraTech Cement Ltd, in a development that gives it a breather in its attempt to stave off creditors seeking to take over the debt-laden company. The two

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

2016-4-1  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 monitored by banks led by ICICI Bank. However, the size of the deal announced last month has been reduced from Rs 16,500 crore as Jaiprakash Associates Ltd (JAL ...

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Jaiprakash to sell Gujarat cement unit to UltraTech

2013-9-11  REUTERS - Jaiprakash Associates Ltd(NSI:JPASSOCIAT) has agreed to sell its cement plant in Gujarat to UltraTech Cement Ltd(NSI:ULTRACEMCO) for around 38 billion rupees including debt.

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Jaiprakash Associates gains on buzz of mulling cement ...

2013-8-28  Read more about Jaiprakash Associates gains on buzz of mulling cement plant sale on Business Standard. Jaiprakash Associates surged 4.61% to Rs 34.05 at 15:06 IST on BSE on reports UltraTech Cement is close to buying the company's Gujarat cement plant for about Rs 3700 crore.

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HeidelbergCement to buy Jaiprakash Associates’ cement plant

2015-6-24  India: According to the Financial Express, Jaiprakash Associates is close to selling its 1Mt/yr capacity cement plant at Sikandarabad, Uttar Pradesh to HeidelbergCement for around US$78.6m. If the deal materialises, it would be the fifth cement asset sale by Jaiprakash Associates in little over a year. The group is looking to sell assets, including cement and power plants

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Jaiprakash to sell Gujarat cement unit to UltraTech

2013-9-11  By Devidutta Tripathy and Aditi Shah REUTERS - Jaiprakash Associates Ltd has agreed to sell its cement plant in Gujarat to UltraTech Cement Ltd for around 38 billion rupees including debt. UltraTech, the country's largest cement maker by production capacity, will issue shares worth up to 1.5 billion rupees to Jaiprakash and assume debts of about 36.50 billion rupees, the companies said on ...

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Jaiprakash Associates - Cement industry news from Global ...

2016-8-11  India: The shareholders of Jaiprakash Associates approved the sale of the group’s cement business to UltraTech Cement. According to the deal, arranged earlier in 2016, UltraTech Cement will buy Jaiprakash Associates' cement plants in Uttar Pradesh, Madhya Pradesh, Himachal Pradesh, Uttarakhand and Andhra Pradesh, which have a total production capacity of 21.1Mt/yr, at an

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Jaiprakash Associates to sell Bhilai Jaypee Cement for Rs ...

2017-9-1  NEW DELHI: In a bid to reduce its debt and fulfill the working capital requirements, Jaiprakash Associates has decided to sell its entire 74% stake in Bhilai Jaypee Cement to Orient Cement for Rs 1,450 crore, while raising another up to Rs 2,000 crore by issuing securities. The stake sale is expected to be completed by 2017-end, the company said in a notice to shareholders for AGM to be held ...

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Jaypee Group Press Release

2021-7-23  Jaiprakash Associates Limited - Sale of two of the Cement Units : 2. 24th Nov, 2014 : Speech of Hon'ble Founder Chairman at JUIT, Waknaghat during the 5th Convocation: 3. Sept. 25, 2014: JPVL Signs MoU with JSW to Sell 3 power plants: 4. Sept. 24, 2014: Clarification regarding Karcham and Baspa II: 5. 24 July 2014: Press Release: 6. 24 July ...

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Jaiprakash Associates to exit Bokaro Jaypee Cement - The

2014-3-25  Jaiprakash Associates (JAL) on Monday said that its board had approved signing an agreement with Dalmia Cement (Bharat) to sell its 74 per cent stake in Bokaro Jaypee Cement

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Uttarakhand - Cement industry news from Global Cement

2017-6-30  India: The shareholders of Jaiprakash Associates approved the sale of the group’s cement business to UltraTech Cement. According to the deal, arranged earlier in 2016, UltraTech Cement will buy Jaiprakash Associates' cement plants in Uttar Pradesh, Madhya Pradesh, Himachal Pradesh, Uttarakhand and Andhra Pradesh, which have a total production capacity of 21.1Mt/yr, at an

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Jaiprakash Associates Deleverages Balance Sheet MA

2021-7-1  On March 24 2014, the Board of Directors of infrastructure conglomerate Jaiprakash Associates Limited (JAL) had approved signing of Share Purchase Agreement with Dalmia Cement (Bharat) Limited for sale of 74% stake (9,89,01,000 equity shares owned by it) in the paid-up equity share capital of Bokaro Jaypee Cement Limited (BJCL) [a joint venture between JAL and Steel Authority of

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

2014-12-23  Jaiprakash Associates, the flagship company of the group, said in a statement to stock exchanges that the company will be left with a cement capacity of 22 million tonnes after this sale

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Jaiprakash Associates saves deal to sell cement plants to ...

2016-7-4  Jaiprakash Associates Ltd has finalised a deal to sell nearly two-thirds of its cement business to UltraTech Cement Ltd, in a development that gives it a breather in its attempt to stave off creditors seeking to take over the debt-laden company. The two

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

2016-4-1  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 monitored by banks led by ICICI Bank. However, the size of the deal announced last month has been reduced from Rs 16,500 crore as Jaiprakash Associates Ltd (JAL ...

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Jaiprakash Associates completes sale of cement unit to ...

2017-6-29  These cement plants were spread over the states of Uttar Pradesh, Madhya Pradesh, Himachal Pradesh, Uttarakhand and Andhra Pradesh. Proceeds from this deal is expected to help Jaiprakash Associates in reducing its debt by approximately Rs 14,000 crore including the repayment of its loan to its bankers and also part payment to the holders of Foreign Currency Convertible Bonds.

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Heidelberg to buy Jaiprakash Associates’ cement unit - The ...

2015-6-22  Jaiprakash Associates' UP cement plant latest in sales series by debt-laden group Heidelberg is in advanced stages of negotiations with JP Associates to

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Jaiprakash Associates to sell its 74 pct stake in Bokaro ...

2014-3-25  Jaiprakash Associates Ltd, the indebted group with consolidated debt of over Rs 60,000 crore on Monday announced the stake sale of its 74% holding in 2.1 mtpa Bokaro cement JV plant with SAIL to ...

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UltraTech Cement completes acquisition of Cement plants of ...

2021-8-3  Mumbai, 29 th June, 2017 UltraTech Cement completes acquisition of Cement plants of Jaiprakash Associates Limited . 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

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Jaypee Cement puts ‘for sale’ notice on Himachal plant ...

2013-9-26  Jaypee Cement puts ‘for sale’ notice on Himachal plant by Ravinder Makhaik Shimla : Debt ridden Jaiprakash Associates (JAL), which has large investments in Himachal Pradesh, has put up its two troubled cement units in the state on selling

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Jaiprakash Associates (JAIASS) - ICICIdirect

2016-3-14  The deal includes sale of Bela plant (2.1 MT clinker capacity, 2.6 MT grinding unit captive power plant of 25 MW) Sidhi Unit (3.1 MT clinker capacity, 2.3 MT grinding unit Mar-15 Jaiprakash Cement wins coal block in Mandla South, Madhya Pradesh, for a bid of 1,852 a tonne. The ready-to-produce block has extractable reserves 13.35

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Home [jalindia]

2021-7-23  Initially, the Jaypee Group started as civil engineering contractors. Jaiprakash Associates Ltd., the flagship company of the Group, is a leader in Construction of river valley and hydropower projects on turnkey basis for more than 4 decades.Jal has

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Jaiprakash Associates Limited - Wholesale Distributor of ...

Initially, the Jaypee Group started as civil engineering contractors. Jaiprakash Associates Ltd., the flagship company of the Group, is a leader in Construction of river valley and hydropower projects on turnkey basis for more than 4 decades.Jal has participated in the development of 27% of India’s installed hydro power capacity.

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Jaiprakash sells Bokaro cement unit - Telegraph India

2014-3-25  Mumbai, March 24: Jaiprakash Associates today decided to sell its 74 per cent stake in Bokaro Jaypee Cement to Dalmia Cement (Bharat) for Rs 690 crore. The deal will help Jaiprakash to trim its debt. Bokaro Jaypee, a 74:26 joint venture between Jaiprakash Associates and steel maker SAIL, owns a 2.1-million-tonne cement plant at Bokaro in Jharkhand.

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Jaiprakash Associates Ltd - ICICI Direct

2021-8-14  The company was promoted by Jaiprakash Gaur, a well known leader in the construction of multi-purpose river valley and hydropower projects. In the year 2000, Jaypee Rewa Cement Plant and Jaypee Bela Cement Plant were merged. In April 1, 2002, the cement division of Jaiprakash Industries Ltd was hived off and merged with the company.

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India: Jaiprakash Associates shareholders agree to sale

2016-10-25  Jaiprakash Associates Ltd (JAL) on Monday said its shareholders have approved the sale of the firm's cement business to Aditya Birla Group's UltraTech Cement. Approval from Competition Commission of India (CCI) has been received and the next step involves seeking approval from the concerned High Court and the final approval from capital markets ...

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UltraTech acquires Jaiprakash Associates' cement plants ...

2016-2-29  Jaiprakash Associates has already concluded sales of 8.4 mt of cement capacity for Rs 50 billion, but debt levels are estimated to be still up 18% over the past two years," Credit Suisse analysts wrote in an October 2015 note.

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Jaiprakash Associates To Sell Cement Assets Worth Rs 1,950 ...

2016-10-6  Jaiprakash Associates Ltd. (JAL) plans to sell two cement assets to CK Birla group company, Orient Cement Ltd., for Rs 1,950 crore in an effort to raise funds and service its debt. Orient Cement will buy a 74 percent stake in Jaiprakash’s Bhilai cement plant for Rs 1,450 crore and pay Rs 500 crore for the Nigrie cement grinding unit , both ...

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UltraTech completes acquisition of Jaiprakash group cement ...

2017-6-29  JP Associates had last year announced the sale of its cement business to the Kumar Mangalam Birla-led Ultratech, making the biggest consolidation in the cement sector. The deal will help the Jaypee Group firm to reduce debt, which runs into thousands of crores of rupees. The deal was subject to various regulatory approvals.

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Jaiprakash Associates to Sell Cement Plants to UltraTech ...

2014-12-24  Shares in Jaiprakash Associates jumped over 6 per cent on Wednesday after Aditya Birla Group firm UltraTech Cement agreed to buy two cement plants from the company for Rs 5,400 crore. The deal ...

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Dalmia to acquire Jaiprakash Bokaro stake

2014-3-25  Jaiprakash Associates Ltd (JAL) is to sell its 74 per cent stake in its Bokaro Cement joint venture to Dalmia Cement (Bharat). Bokaro Cement is a 74:26 per cent collaboration between JAL and the Steel Authority of India (SAIL). The acquisition involves a 2.1Mt cement

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Jaiprakash Associates to sell its 74 pct stake in Bokaro ...

2014-3-25  Jaiprakash Associates Ltd, the indebted group with consolidated debt of over Rs 60,000 crore on Monday announced the stake sale of its 74% holding in 2.1 mtpa Bokaro cement JV plant with SAIL to ...

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Jaiprakash to sell stake in cement unit for 6.9 bln rupees

2014-3-24  Jaiprakash Associates Ltd has agreed to sell its 74 percent stake in Bokaro Jaypee Cement to Dalmia Cement (Bharat) Ltd for 6.9 billion rupees, as the group seeks to cut its growing debts. Jaiprakash and its subsidiaries have total debts of 620 billion rupees, up from between 550 billion and 560 billion in September, Executive Chairman Manoj Gaur told CNBC TV 18.

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Jaiprakash Associates (JAIASS) - ICICIdirect

2016-3-14  The deal includes sale of Bela plant (2.1 MT clinker capacity, 2.6 MT grinding unit captive power plant of 25 MW) Sidhi Unit (3.1 MT clinker capacity, 2.3 MT grinding unit Mar-15 Jaiprakash Cement wins coal block in Mandla South, Madhya Pradesh, for a bid of 1,852 a tonne. The ready-to-produce block has extractable reserves 13.35

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Jaiprakash Associates (JAIASS) 24

2015-2-12  Cement asset sale as part of JAL’s strategy JAL has announced that its board has approved the MoU to sell two cement plants in Madhya Pradesh to UltraTech Cement, a deal which will help JAL reduce its mammoth debt. The assets include (a) integrated cement plant with clinker capacity of 2.1 MTPA and grinding capacity of

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Shree Cement Buys Out Jaypee Cement’s Panipat Unit MA ...

2021-8-11  Despite last year’s divestment, Jaiprakash Associates’ standalone debt was Rs 28,164 crore at the end of FY 2013-14. The company’s interest cost almost doubled to Rs 6,094 crore for FY 2013-2014 from Rs 3,134 crore a year earlier. Highlights of the Deal: The acquisition is on Slump Sale basis. The capacity of the cement grinding plant is ...

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UltraTech to buy Jaiprakash cement plants for $2.4 bln

2016-2-28  UltraTech Cement Ltd, part of the Aditya Birla conglomerate, has agreed to buy Jaiprakash Associates Ltd's cement plants for an enterprise value of 165

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Jaypee Group Achievements

2021-7-23  Jaypee Rewa Cement Plant and Jaype Bela Cement Plant in Madhya Pradesh of the Group have been awarded with renowned and most prestigious “SWORD OF HONOUR” award by the British Safety Council, UK. This is a well acclaimed and celebrated international award in the field of Health and Safety management system. 3.00 MnTPA Rewa and 2.40 MnTPA Bela are the only cement plants to

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Jaypee sells Bokaro unit to Dalmia Cement for Rs 690 cr ...

The stake sale in the 2.1-million-tonnes-a-year plant was subject to various approvals, including SAIL’s, Jaiprakash Associates said. The Jaiprakash Associates stock closed at Rs 49 on BSE on Monday, up 1.34 per cent. The Jaypee group, which has debt of

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