Shree Cement to acquire Jaiprakash grinding unit

Shree Cement to acquire Jaiprakash grinding unit
Published: 26 August 2014


Shree Cement has entered into an agreement to buy Jaiprakash Associates 1.5Mta cement grinding unit in the Panipat district of Haryana state in north India.



Within the past year Jaiprakash sold its majority stake in the Borkaro Cement joint venture to Dalmia Cement and offloaded its cement assets in Gujarat to UltraTech Cement as part of efforts to trim debt.

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