UltraTech reportedly in talks to buy further Jaiprakash units

UltraTech reportedly in talks to buy further Jaiprakash units
Published: 19 December 2014


UltraTech Cement is in talks to acquire Jaiprakash Associates Ltd's cement plants in central and southern India, people with knowledge of the matter have told local press.

The company is discussing the purchase of cement plants in the Indian states of Uttar Pradesh, Madhya Pradesh and Andhra Pradesh, the sources told Mint News.

Last year, UltraTech purchased Jaiprakash’s cement plant in Gujarat which has a capacity of 4.8Mt.