Jaypee Cement

The company has acquired Jaiprakash Associates’ cement assets for enterprise value/ tonne of $73/ tonne – the cheapest preliminary valuation witnessed in nearly five years

Dalmia Bharat acquires Jaiprakash Associates' cement plants for nearly Rs 6,000 crore

Back in October, Jaiprakash Associates and Jaiprakash Power Ventures had announced plans to divest their cement business as well as some non-core assets to reduce debt.

Jaiprakash Associates eyeing Rs 6000 cr topline from balance biz post UltraTech deal

Ours is Company, which honestly tried to restructure its debt even if that meant parting of precious assets because credibility is more important, said Manoj Gaur, Executive Chairman, JP Associates.

UltraTech in talks to raise Rs 3000cr via equity: Sources

The cement major has reached out to bankers, who are eveluating options and demand conditions for the fundraising.

Jaypee gets green nod to expand limestone mining in AP

"The Environment Ministry has examined the proposal and given the green clearance for expansion of mining capacity of Budhawada limestone mine by Jaypee Cement," a senior Environment Ministry official said.

Coal auctions: Govt raises Rs 4,364 crore in third round

"J P Cements emerged as the highest bidder quoting Rs 1,230 a tonne for Majra Coal Block," Nominated Authority for auctions and Joint Secretary, Coal Vivek Bharadwaj told agency after the cement major emerged as the highest bidder for the block amid players like ACC Cement and JK Lakshmi Cement in the fray.

Cancelled JSPL, Balco mines given to Coal India

The government on Monday is believed to have alloted the three cancelled coal blocks, for which JSPL and Balco had emerged as the highest bidders in the recently concluded auctions, to state-owned miner CIL.

Grasim Industries reports Q3 net profit at Rs 333.61 crore

The company reported consolidated net sales of Rs 7,888.53 crore in October-December period as against Rs 7,063.43 crore during the same quarter of last financial year.

Will UltraTech get CCI nod for Jaypee's Guj cement unit?

CCI has written to both Jaypee and Ultratech and have asked for their views on what the definition of relevant market should be.

JP Associates tanks 8% on Gujarat HC notice

The PIL allege that the cement factory in Kutch has encroached upon village land and is dumping waste in the area. The bench said that any deal between the two companies will be subject to the outcome of the PIL.

Experts take on the UltraTech-Jaypee Cements deal

Jaiprakash Associates plans to reduce its debt by Rs 15,000 crore. Along with its subsidiaries, the group has a total debt of Rs 55,000-56,000 crore.

Jaypee Cement to sell 51% stake in Guj unit to Ultratech

“The deal has been finalised. UltraTech will buy Jaypee Cement Corporation's 51 per cent stake in Gujarat plant, which has an annual capacity of five million tonnes for close to Rs 4,000 crore” a Jaypee Group official told PTI.

Jaypee to sell few power, cement assets to cut debt: Report

Jaypee Group is likely to sell equity in two of its hydro power projects and is in discussion with some players.

Cement unit sale not shelved; to happen by yr-end: JP Asso

Manoj Gaur of Jaiprakash Associates told CNBC-TV18 that the stake sale plan of their Gujarat's cement arm, Jaypee Cement, had not been called off. He added, that it will be complete by the year-end and the focus lies on debt reduction on the balance sheet.

Jaypee Cement eyes 15% revenue growth this fiscal

Jaypee Cement, a division of Jaypee Group, is aiming 15 percent revenue growth during the current financial year,

UK's CRH terminates talks to buy JP Associates cement part

UK's CRH Plc has terminated the talk to buy Jaypee Cement's, a part of Jaiprakash Associates, Gujarat operations on valuations differences, reports CNBC-TV18. At 09:18 hrs Jaiprakash Associates was quoting at Rs 83.15, down Rs 2.05, or 2.41%.

Jaiprakash to outperform Rel Infra: Barclays Cap

Barclays Capital initiates coverage of Indian engineering and construction firm Jaiprakash Associates with an "overweight" rating and a target price of Rs 99, but starts Reliance Infrastructure at "equalweight" and a target price of Rs 598.

UltraTech, Lafarge eye Jaiprakash cement units: Report

Aditya Birla Group and France's Lafarge are separately in talks to buy Jaiprakash Associates' cement units in two states, worth up to about USD 1.6 billion, the Economic Times reported on Friday.

Cement companies off to buoyant start in New Year

Buoyancy on sales for the cement sector continued in the first month of the New Year as the manufacturers clocked up to 27% rise in sales on brisk construction and infrastructure activities.