jaiprakash associates cement plant sale

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

31-03-2016  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

More

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

04-07-2016  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

More

jaiprakash associates cement plant sale

Jaiprakash to sell Gujarat cement unit to UltraTech. Sep 11, 2013 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.

More

Jaiprakash Associates to sell Gujarat cement unit to ...

11-09-2013  Jaiprakash Associates Ltd has agreed to sell its cement plant in Gujarat to UltraTech Cement Ltd for around Rs 3800 crore including debt. UltraTech, the country's largest cement maker by ...

More

Jaypee Group sells cement plants to Ultratech for Rs ...

31-03-2016  NEW DELHI: Debt-ridden. Jaiprakash Associates. NSE 0.00 % today 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 cement sector. However, the size of the deal announced last month has been reduced from Rs 16,500 crore as Jaiprakash Associates Ltd ...

More

UltraTech acquires Jaiprakash Associates' cement plants ...

28-02-2016  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.

More

UltraTech completes acquisition of Jaiprakash group

29-06-2017  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.

More

Jaiprakash Associates - Cement industry news from Global ...

08-08-2019  Jaiprakash Associates sold six integrated cement plants and five grinding plants to UltraTech Cement for US$2.5bn in 2017. It was reportedly in talks with LafargeHolcim’s subsidiary ACC in mid-2018 to sell its remaining cement business. Published in Global Cement News.

More

Jaiprakash Associates - Cement industry news from Global ...

07-03-2016  India: Jaiprakash Associates has missed an interest payment due on 7 March 2016 on its bonds worth US$150m. The interest will be paid later from the proceeds of its recent US$2.4bn sale of cement assets, the company said in a statement. "Interest was payable on the bonds on the semi-annual interest payment date of 7 March 2016.

More

Jaiprakash Associates - Cement industry news from Global ...

17-04-2014  India: Jaiprakash Associates plans to sell US$1.66bn worth of assets by 2015 to cut its debt, after divesting assets totalling US$2.46bn in the six months that ended on 31 March 2014. Jaiprakash Associates plans to sell a thermal power plant, a cement plant, some of its real estate assets and a part of its stake in the Yamuna Expressway.

More

Jaiprakash Associates saves deal to sell cement plants

04-07-2016  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

More

Jaiprakash Associates To Sell Cement Assets Worth Rs

06-10-2016  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 companies said in separate media statements.

More

Dalmia to acquire Jaiprakash Bokaro stake - CemNet

25-03-2014  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 unit at Bokaro situated in the eastern Indian state of Jharkhand.

More

Jaiprakash to sell Gujarat cement unit to UltraTech

11-09-2013  Jaiprakash Associates, which also has interests in power and infrastructure, has been trying to sell the plant for more than a year and was in talks with several potential buyers, including ...

More

Orient Cement to acquire 74% stake in Bhilai Jaypee

Orient Cement Limited (‘Orient Cement’) today agreed to acquire Jaiprakash Associates Limited’s (“JAL”) 74% stake in Bhilai Jaypee Cement Limited (“BJCL”) for an Enterprise Value of INR 1,450 crores. The Enterprise Value is on a cash-free, debt-free basis and is subject to adjustments on account of working capital, if any.

More

Jaiprakash Associates Is to Sell Its Cement Plant in ...

India s Jaiprakash Associates is to sell its cement plant in Gujarat state to UltraTech Cement in a deal worth around $594m (INR:38bn) including debt.. The companies told Bahrain's Gulf Daily News that UltraTech, India s largest cement maker by production capacity, will issue shares worth up to $23.5m (INR 1.5bn) to Jaiprakash and assume debts of about $573.2m (INR:36.5m).

More

Jaiprakash Associates to sell stake in Bhilai Jaypee cement

01-09-2017  Jaiprakash Associates has decided to sell its entire 74 per cent stake in Bhilai Jaypee Cement to Orient Cement for INR14,500m (US$226.6m), while raising another up to INR20,000m by issuing securities. The transaction is expected to be completed by 2017-end, the company said in a notice to shareholders for AGM to be held on 23 September 2017.

More

Jaiprakash Associates to Sell Cement Plants to UltraTech ...

24-12-2014  Shares in Jaiprakash Associates jumped over 6 per cent on Wednesday after Aditya Birla Group firm UltraTech Cement agreed to buy two cement plants

More

Jaiprakash Associates - Cement industry news from

24-06-2015  India: Jaiprakash Associates (Jaypee Group) has announced that it will sell two cement plants in Madhya Pradesh State to UltraTech Cement. The assets comprise cement plants and grinding facilities in Bela and Sidhi with a total capacity of 4.9Mt/yr, along with an associated 180MW power plant

More

Jaiprakash Associates - Cement industry news from

06-07-2016  Jaiprakash Associates, the group's main company, reported a loss of US$500m in its 2015 – 2016 financial year, compared to US$259m in the same period in the previous year. Earlier in 2016, Jaiprakash Associates agreed a deal to sell cement plants in five states to UltraTech Cement

More

Jaiprakash to sell Gujarat cement unit to UltraTech

11-09-2013  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 ...

More

Jaiprakash Associates To Sell Cement Assets Worth Rs

06-10-2016  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 companies said in separate media statements.

More

Jaiprakash Associates Is to Sell Its Cement Plant in ...

India s Jaiprakash Associates is to sell its cement plant in Gujarat state to UltraTech Cement in a deal worth around $594m (INR:38bn) including debt.. The companies told Bahrain's Gulf Daily News that UltraTech, India s largest cement maker by production capacity, will issue shares worth up to $23.5m (INR 1.5bn) to Jaiprakash and assume debts of about $573.2m (INR:36.5m).

More

Jaiprakash Associates To Sell Cement Assets Worth Rs

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.

More

Jaiprakash to sell Jaypee Bhilai plant stake to Shree

07-01-2016  NEW DELHI: In an attempt to service its Rs 40,000-crore debt, engineering and cement manufacturer Jaiprakash Associates (JAL) has signed an agreement with Shree Cement

More

Jaiprakash Associates to sell stake in Bhilai Jaypee cement

01-09-2017  Jaiprakash Associates has decided to sell its entire 74 per cent stake in Bhilai Jaypee Cement to Orient Cement for INR14,500m (US$226.6m), while raising another up to INR20,000m by issuing securities. The transaction is expected to be completed by 2017-end, the company said in a notice to shareholders for AGM to be held on 23 September 2017.

More

Jaiprakash Associates Shares Surge 15% Post UltraTech Deal

04-07-2016  UltraTech Cement has also disclosed it will pay a total of Rs 4,625 crore to Jaiprakash Associates and its wholly owned subsidiary Jaypee Cement Corp Ltd, via debt and quasi debt instruments. The two companies first contemplated a deal in January, 2015, when an agreement was signed for the acquisition of two of Jaiprakash Associates’ cement plants in Madhya Pradesh.

More

Dalmia to acquire Jaiprakash Bokaro stake - CemNet

25-03-2014  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 unit at Bokaro situated in the eastern Indian state of Jharkhand.

More

Jaiprakash Power Ventures sinks 17% on power plant sale

03-03-2014  Jaiprakash Associates last year sold its cement plant in Gujarat state to UltraTech Cement for around $594 million including debt.

More

Cementing a Deal: UltraTech Buys JP Cement – MA

Noida-based Jaiprakash Associates Ltd. has a total cement capacity of 27.79 MTPA as on 31 st March 2015. After several failed attempts by JP to sell its cement business in the last two years, the lenders prevailed upon the company to sell a lion’s share of its portfolio in one shot.

More

Jaiprakash to sell Gujarat cement unit to UltraTech

11-09-2013  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 ...

More

Jaiprakash Associates To Sell Cement Assets Worth Rs

06-10-2016  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 companies said in separate media statements.

More

Jaiprakash Associates Is to Sell Its Cement Plant in ...

India s Jaiprakash Associates is to sell its cement plant in Gujarat state to UltraTech Cement in a deal worth around $594m (INR:38bn) including debt.. The companies told Bahrain's Gulf Daily News that UltraTech, India s largest cement maker by production capacity, will issue shares worth up to $23.5m (INR 1.5bn) to Jaiprakash and assume debts of about $573.2m (INR:36.5m).

More

Jaiprakash Associates To Sell Cement Assets Worth Rs

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.

More

India: Jaiprakash Associates shareholders agree to sale

25-10-2016  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 regulator.

More

Jaiprakash Associates Shares Soar 38% On UltraTech

05-07-2016  Jaiprakash Associates shares jumped as much as 38 per cent on Tuesday, a day after the debt-laden infrastructure major's board salvaged a deal involving the sale of its cement

More

Jaiprakash Associates Shares Surge 15% Post UltraTech Deal

04-07-2016  UltraTech Cement has also disclosed it will pay a total of Rs 4,625 crore to Jaiprakash Associates and its wholly owned subsidiary Jaypee Cement Corp Ltd, via debt and quasi debt instruments. The two companies first contemplated a deal in January, 2015, when an agreement was signed for the acquisition of two of Jaiprakash Associates’ cement plants in Madhya Pradesh.

More

Jaiprakash Power Ventures sinks 17% on power plant sale

03-03-2014  Jaiprakash Associates last year sold its cement plant in Gujarat state to UltraTech Cement for around $594 million including debt.

More

Dalmia to acquire Jaiprakash Bokaro stake - CemNet

25-03-2014  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 unit at Bokaro situated in the eastern Indian state of Jharkhand.

More

Jaiprakash Associates may offload stake in Gujarat

Jaiprakash Associates is reportedly in the final stages of offloading its 100 per cent stake in the 4.8-mn tpa Gujarat cement plant for Rs 4,000 crore at an enterprise valuation of $150 a tonne, according to a Credit Suisse report.

More

Copyright © 2020.Company name All rights reserved.SiteMap