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Jaiprakash Power will be the second group company after Jaiprakash Associates Ltd, where lenders have recommended or discussed invoking SDR ... in Noida to pare debt. The deal to sell its cement ...
Aug 26, 2014· New Delhi: Jaiprakash Associates on Monday said it will sell its cement grinding unit at Panipat to Shree Cement Ltd for Rs 360 crore. At its meeting on Monday, Jaiprakash Associates.
Oct 08, 2017· Jaiprakash Associates approves debt restructuring ... The company also plans to sell its entire 74 per cent stake in Bhilai Jaypee ... Pradesh and a million tonnes per annum cement grinding ...
JP Asso plans to pare debt; sells cement grinding unit Rahul Kumar says the value of the latest deal is not at all comparable with the value at which the other deal was done about six months back ...
22 April 2016, Published under Cement News Debtladen Jaiprakash Associates Ltd has withdrawn itself from some of its cement markets in north India as part of streamlining its operations even as lenders continue to prod the firm to shed assets and pare debt, reports Mint. The company has drastically cut its cement supply to markets in the north ...
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Aditya Birla Group firm UltraTech today announced acquisition of debtridden JP Group''s cement plants for Rs 16,500 crore (about USD billion), making it one of the biggest deals in the sector.
Jaypee Group has sold its cashgenerating assets to pare Rs75,000 crore in debt but EPC may hold key to its future ... Associates'' revenue; the cement unit ... the plan on hold citing slowing ...
Aditya Birla Group firm UltraTech on Sunday announced acquisition of debtridden JP Group''s cement plants for Rs 16,500 crore, making it the biggest deal in the sector. The buyer will pay an additional amount of Rs 470 crore to complete the grinding unit. Advertising In a transaction that will ...
Mar 12, 2018· UltraTech Cement, an Aditya Birla Group Company, has acquired the tonne per annum (mtpa) Gujarat unit of Jaypee Cement Corporation, for Rs .
Orient will also acquire the 2 million tonne per annum (mtpa) Nigrie Cement grinding unit in Madhya Pradesh from another Jaypee Group firm, Jaiprakash Power Ventures Ltd, for Rs500 crore ...
Aug 25, 2014· Shree Cement will acquire cement grinding unit of Jaiprakash Associates for around crore. In a communication to the stock exchange, .
Lafarlcimcontrolled ACC is the latest to join the fray as the company is planning to buy residual cement business Jaiprakash Associates ... aim to pare its debt. ... grinding unit) of Century ...
JP Associates continues with its plans to pare down its latest move, the company has sold its cement grinding unit in Panipat to Shree Cements for a consideration of Rs 360 crore at a ...
Jaiprakash Associates'' board has approved the transfer of certain assets and liabilities, including debt of over Rs 11,834 crore, to its subsidiary Jaypee Infrastructure Development Ltd as part of its efforts to cut the overall borrowing of the company. The company had called a board meeting to ...
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 Weblink Orient Cement to acquire 74% stake in Bhilai Jaypee Cement Limited from Jaiprakash Associates Limited
Jun 26, 2018· JP Associates in talks to sell cement biz to ACC for Rs 5,200 crore ... "The divestment is aimed at making the company debt free." ... and Nigrie Cement Grinding Unit. Jaiprakash Associates had earlier entered into a binding agreement with Orient Cement, a CK Birla Group firm, to sell its Bhilai Cement and Nigrie Cement Grinding Unit for Rs ...
Sep 14, 2017· The JP group has managed to pare some of its debt by selling assets worth some Rs 33,380 crore so far, which included six integrated cement plants and five grinding units to UltraTech Cement for Rs 16,189 crore, besides its entire 74 per cent holding in Bhilai Jaypee Cement and some hydropower assets.
Giving update on other proposed transactions, the company said it plans to sell entire 74% stake in Bhilai Jaypee Cement Ltd to Orient Cement Ltd at a total enterprise value of Rs1,450 crore ...
BJCL owns MTPA clinker plant at Babupur Satna (commissioned in December 2009) and MTPA cement Grinding Unit at Bhilai Chhattisgarh (commissioned in August 2010).The Company had requested its lenders to realign its debt in line with the cash flow projections post divestment of cement plants as mentioned above.
Aditya Birla Group firm UltraTech on Sunday announced acquisition of debtridden JP Group''s cement plants for Rs 16,500 crore, making it the biggest deal in the sector.
The CK Birla Group firm 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 1,946 crore.
Feb 07, 2017· JP Associates shares rose % to Rs after surging as high as over 4% to Rs Jaiprakash Associates is selling cement assets to pare large amount of debt .
Bhilai Jaypee Cement Limited is a joint venture between Jaiprakash Associates, which holds 74% stake in the unit and the Steel Authority of India Ltd (SAIL), which holds 26%. The cement plant, which has revenues of US130m/yr, has US of debt. After adjusting for this, the equity value of the deal is US179 – 195m.
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