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Wanted to add capacity to Gujarat: KM Birla

Watch out the exclusive interview with Kumar Mangalam Birla, Chairman of the Aditya Birla Group, post the acquisition of JP Associates Gujarat cement plant.Quotes...
Source : Yahoo Finance |
Category : Personal Finance

Aditya Birla Group to acquire Gujarat cement for Rs 3,800 crore

Aditya Birla Group firm UltraTech Cement Ltd Wednesday said it will acquire Gujarat Cement unit of Jaypee Cement Corp Ltd for Rs 3,800 crore.UltraTech Cement will acquire the Gujarat Cement Unit of Jaypee Cement Corp Ltd. Gujarat Cement Unit comprises of an integrated cement unit at Sewagram and grinding unit at Wankbori, the company said in a statement.The combined capacity of both the divisions is...
Source : Asianage |
Category : National | City : New Delhi

Jaypee plans to sell Guj cement units to UltraTech

DLF rose 1% to Rs 138.40 at 15:05 IST on BSE, with the stock gaining on bargain hunting after falling 10.95% in prior three trading days.Manoj Gaur's Jaiprakash Associates is planning to sell its Gujarat-based cement units to Birla's UltraTech Cement, according to reports.Report said that the company was expected to get around Rs 4,500 crore from the sale of its cement units,The Gujarat units have...
Source : Indiainfoline |
Category : Business

Jaiprakash Associates inks deal with UltraTech

Limitedhas announced that Jaypee Cement Corporation Limited (JCCL), a wholly owned subsidiary of the Company, it has executed an agreement with M/s. UltraTech Cement Limited, a company of Aditya Birla Group, for sale of its Gujarat Cement Plant comprising an integrated 2.4 MTPA Cement Plant at Kutch and a 2.4 MTPA Cement Grinding Unit at Wanakbori, through a Scheme of Arrangement pursuant to Sections...
Source : Indiainfoline |
Category : Business

UltraTech cements Gujarat base

UltraTech Cement Ltd, the Aditya Birla group company, is acquiring the Gujarat cement unit of Jaypee Cement Corporation Ltd (JCCL) for an enterprise value of Rs 3,800 crore.Negotiations dragged on for more than a year before the two sides could hammer out a deal.Under the terms of the deal, UltraTech Cement will acquire both the assets and liabilities of the Gujarat cement plant, which has a capacity...
Source : Telegraphindia |
Category : Business | City : Mon

3 Bedroom Independent House for sale in Hormavu, Bangalore

a.     Total number of pillars 12( based on designed Will change the no of pillar )-     Steel rods - 16 mm rods , 10 mm rods, Rings of size 8mm rod, Distance between them is 6 inchese.     Lintels: 10 mm rods (through lintels), 1:2:3 concrete, jelly should be 20 mm3.     Cement:Birla Super for concrete and brick work, Zuari/Penna /     mahasakthi/ sagar /ramco cement for plastering and flooring-     Bath...
Source : Propertywala |
Category : Others | City : Bangalore

Jaiprakash Associates, UltraTech sign Rs 3800 crore deal over cement plant

Jaiprakash Associates, UltraTech sign Rs 3800 crore deal over cement plant: sourcesJaypee Cement has reportedly signed a Rs 3,800 crore deal with Aditya Birla promoted UltraTech for a controlling 51 per cent stake in its 4.8 million tonne capacity cement plant in Gujarat, sources told NDTV.Jaypee Cement had sought a valuation of $160 per tonne, though the deal was struck around $129-130 per tonne,...
Source : Ndtv |
Category : Others

Holcim’s cement subsidiaries’ weak results are credit negative: Moody’s

Accel will get access to new sectors in key markets like US, Japan in the areas of lifesciences, healthcare and government institutions with this partnerships.ACC Ltd (unrated) and Ambuja Cement (unrated), two cement companies based in India, each reported weak results for the third quarter ended 30 September.Ltd (unrated) and Ambuja Cement (unrated), two cement companies based in India, each reported...
Source : Indiainfoline |
Category : Business

India Cements to merge with two subsidiaries

Board of cement manufacturer India Cements Ltd today approved the amalgamation of Trinetra Cement Ltd and Trishul Concrete Products with the company."The Board of Directors at the meeting held today approved the proposal for amalgamation of Trinetra Cement Ltd and Trishul Concrete Products with India Cements Ltd subject to all regulatory approvals," city-based India Cements said in a statement."Consequent...
Source : Ndtv |
Category : Others | City : Chennai

Ultratech's Rs 3,800-crore deal with Jaypee approved by fair trade regulator

Competition Commission of India (CCI) has approved Aditya Birla Group firm Ultratech's nearly Rs 3,800-crore deal with Jaypee Cement Corporation to acquire its facilities in Gujarat. Fair trade regulator CCI ruled the transaction does not raise unfair competition concerns.As per the deal, Ultratech, a leading manufacturer of cement in India, will acquire Jaypee's cement unit in Gujarat comprising an...
Source : Ndtv |
Category : Others | City : New Delhi