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Construction : Cement Update | May 2016 | Source : CW-India

UltraTech buys Jaypee cement units

UltraTech Cement recently brought Jaiprakash Associates┬┤ 21.2 mtpa cement capacity for Rs 15,900 crore. While the deal will take UltraTech┬┤s cement capacity to over 91 mtpa from the present 68 mtpa, it will also help Jaypee Group reduce its debt. As against the earlier estimate of Rs 16,500 crore, the deal size reduced by about 3.5 per cent or Rs 600 crore, as the transaction excludes the 1.2-mn tonne plant in Karnataka. The deal has valued the cement capacity at $107 per tonne.
Contact: UltraTech Cement.
Tel: 022-6691 7800.
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