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Jaiprakash Associates - Cement industry news from Global ...

2019-8-8  India: Jaiprakash Associates has suspended operations at its cement plants in Madhya Pradesh and Uttar Pradesh from 1 May 2021 due to the ongoing coronavirus outbreak. The company say it will continue maintenance activities of these plants during this time. It described the situation as ‘dynamic’ and plans to resume operations after ongoing analysis.

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Jaiprakash Associates - Cement industry news from Global ...

2014-4-17  India: Jaiprakash Associates has asked the Himachal Pradesh government for permission to start land acquisition for its cement plant in the state, according to the Industries Minister Mukesh Agnihotri. He said that the company required 212 hectares, including 158 hectares of forest land, for the plant at Malokhar in Bilaspur district. "The company has now sought permission to start acquisition ...

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Jaiprakash Associates - Cement industry news from Global ...

2016-8-11  India: UltraTech Cement and Jaiprakash Associates have revised their deal for UltraTech to buy 21.2Mt/yr of cement production capacity from Jaiprakash Associates. The revised value of the deal is now US$2.47bn, up from US$2.40 agreed previously. UltraTech will have to pay an additional US$70m upon completion of a grinding unit under construction.

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Jaiprakash Associates - Cement industry news from Global ...

2018-1-22  India: Jaiprakash Associates has narrowed its loss to US$23m in the third quarter of its financial year from US$171m in the same period in 2016. Despite this its income fell by 30% year-on-year to US$178m from US$258m, according to the Press Trust of India. The company has sold its assets, including a large number cement plants to UltraTech Cement, to reduce debt.

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Jaiprakash Associates - Cement industry news from Global ...

2016-3-7  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.

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Jaiprakash Associates - Cement industry news from Global ...

2015-6-24  India: The Competition Commission of India (CCI) has cleared Ultratech Cement's proposed US$853m deal to buy two cement plants from Jaiprakash Associates in Madhya Pradesh. The acquisition is for a 2.6Mt/yr cement plant in Bela, with a 25MW captive power plant, and a 2.3Mt/yr cement plant in Sidhi with a 155MW captive power plant, according to the Economic Times.

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Sunny Gaur resigns as managing director of Jaiprakash ...

2020-7-8  India: Sunny Gaur has resigned as the managing director of Jaiprakash Associates due to personal reasons. The conglomerate operates its cement plants in a cluster around Satna in Madhya Pradesh. In 2017 it sold six integrated cement plants and five grinding plants to UltraTech Cement for US$2.5bn in order to reduce its debts.

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UltraTech completes acquisition of Jaiprakash group

2017-6-29  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.

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Jaiprakash Associates to sell cement assets to ACC

2018-6-27  Dangote Cement’s new plant in Nigeria set for commissioning [Jul 26 2021]; Holcim launches ECOPlanet, its global range of green cement [Jul 28 2021]; Cement prices in Russia set record-high in June [Jul 28 2021]; Ambuja Cements posts robust rise in net profit and net sales in Q2 2021 [Jul 27 2021]; Cement prices edge up in Iran after power cuts [Jul 28 2021]

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Cement News tagged : Jaiprakash Associates - Page 1 of 6

2017-4-5  Jaiprakash Associates to sell stake in Bhilai Jaypee cement 01 September 2017, Published under Cement News 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.

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Jaiprakash Associates To Sell Cement Assets ... - India News

2016-10-6  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 ...

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jaiprakash cement News and Updates from The Economic

2014-8-26  Jaiprakash Associates calls board meet as banks invoke SDR 02 Jul, 2016, 07.05 PM IST. The development comes against the backdrop of sale of the group's cement business to Ultratech for Rs 15,900 crore coming under cloud after lenders invoked SDR earlier this week.

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jaiprakash cement News and Updates from The Economic

2018-9-3  UltraTech eyes Jaypee Group's three cement plants in Madhya Pradesh. 07 Oct, 2014, 05.43 PM IST. On the BSE, shares of UltraTech fell over three per cent to close at Rs 2,558.90 while the scrip of Jaiprakash Associates gained more than two per cent to close at Rs 27.30.

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UltraTech completes acquisition of Jaiprakash group

2017-6-29  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.

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Jaiprakash Associates to sell stake in Bhilai Jaypee cement

2017-9-1  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

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Jaiprakash Associates signs deal with AMDC to set up ...

2009-8-3  Jaiprakash Associates Ltd (JAL), the flagship company of the diversified industrial conglomerate Jaypee Group, has inked a MoU with state-owned Assam Mineral Development Corporation Limited (AMDC) for setting up a 2Mta capacity cement plant. This joint venture project will come up in Umrangshu in North Cachar hills.

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Jaiprakash Associates shuts cement consumption centres

2021-5-4  Jaiprakash Associates shuts cement consumption centres in various states amid second wave of Covid-19 Decision on the resumption of operations will be taken after evaluation of the situation.

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Jaiprakash Associates to sell cement assets to ACC

2018-6-27  Dangote Cement’s new plant in Nigeria set for commissioning [Jul 26 2021]; Holcim launches ECOPlanet, its global range of green cement [Jul 28 2021]; Cement prices in Russia set record-high in June [Jul 28 2021]; Ambuja Cements posts robust rise in net profit and net sales in Q2 2021 [Jul 27 2021]; Cement prices edge up in Iran after power cuts [Jul 28 2021]

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Orient Cement to acquire 74% stake in Bhilai Jaypee

2014-10-1  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.

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Jaiprakash Associates signs deal with AMDC to set up ...

2009-8-2  GUWAHATI: Jaiprakash Associates Ltd (JAL), the flagship company of the diversified industrial conglomerate Jaypee Group, has inked a MoU with state-owned Assam Mineral Development Corporation Limited (AMDC) for setting up a 2 million tonnes per annum capacity cement plant. This joint venture project will come up in Umrangshu in North Cachar hills.

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jaiprakash cement News and Updates from The Economic

2018-6-16  Jaiprakash to sell Jaypee Bhilai plant stake to Shree Cement 07 Jan, 2016, 11.52 AM IST. Jaiprakash Associate is finding it difficult to service its debt due to various reasons, including a slowdown in the economy and some of its projects falling on the revenue front.

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Jaiprakash Associates in talks to sell its Bhilai Cement ...

2014-10-17  Jaiprakash Associates. , which has business interests that range from real estate to power, is in advanced talks to sell its 2.1 million tonne Bhilai Cement unit to rival Shree Cement for an enterprise value of Rs 1,800 crore as it looks to trim debt of Rs 60,000 crore by disposing of assets. "The negotiation with Shree Cement is at an advanced ...

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UltraTech acquires Jaiprakash Associates' cement plants ...

2016-2-29  “Currently, Jaiprakash Associates has (standalone) debt of Rs 31,000 crore, which will come down to about Rs 14,000 crore after the completion of the divestment of the cement division,” said one of those cited above. Standard Chartered Bank advised

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

2016-7-4  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

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jaiprakash cement News and Updates from The Economic

2018-7-5  jaiprakash cement News and Updates from The Economictimes

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UltraTech completes acquisition of Jaiprakash group

2017-6-29  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.

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Jaiprakash Associates signs deal with AMDC to set up ...

2009-8-2  GUWAHATI: Jaiprakash Associates Ltd (JAL), the flagship company of the diversified industrial conglomerate Jaypee Group, has inked a MoU with state-owned Assam Mineral Development Corporation Limited (AMDC) for setting up a 2 million tonnes per annum capacity cement plant. This joint venture project will come up in Umrangshu in North Cachar hills.

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Jaiprakash Associates to sell Gujarat cement unit to ...

2013-9-11  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 ...

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Jaiprakash Associates, Jaypee Cement biz sale to UltraTech ...

2017-6-29  JP Associates current debt stand's at ₹28,000 crore. Kumar Mangalam Birla, Chairman, UltraTech Cement, said the acquisition is essentially for geographic market expansion, enabling the

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Cement Industry NEWS and Updates - Shine

2014-12-24  UltraTech Cement, India’s largest cement maker and part of the Aditya Birla Group said it’s board had agreed to acquire two cement plants of Jaiprakash Associates in Madhya Pradesh for an enterprise value of Rs. 5,400 crore.

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