India: Orient and JP deal reportedly in final stages
Orient Cement's plan to acquire certain assets of the Jaypee Group is in the final stages and completion of the deal could be announced shortly, according to local media.
Jaiprakash Associates
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UltraTech Cement
It is a busy time for UltraTech Cement. Not only should its deal to buy the assets of Jaiprakash Associates conclude soon, adding over 20Mta of cement production capacity and bo...
India: Seven cement firms fined for bid-rigging
The Competition Commission of India (CCI) has imposed fines totalling more than INR2bn (US$30m) on seven cement firms it found guilty of colluding in their responses to a 2012 t...
India: Jaiprakash Associates shareholders agree to sale
Jaiprakash Associates Ltd (JAL) on Monday said its shareholders have approved the sale of the firm's cement business to Aditya Birla Group's UltraTech Cement. Approval from Comp...
India: Orient Cement will increase debt with acquisition
The interest burden of Orient Cement is expected to increase following the acquisition of the cement assets of Jaiprakash Associates, valued at INR19.5bn (US$291.48m). The acqui...
India: Birla Group front runner to buy Bhillai stake
Orient Cement, part of the Birla Group, has emerged as the front-runner to buy out Jaiprakash Associates’ 74 per cent stake in Bhillai Jaypee Cement, the Economic Times reports....
Indian cement producers to appeal CCI fines
LafargeHolcim, India Cements and Ramco Cements have said that they will appeal against yesterday’s ruling by the Competition Commission of India (CCI) which levied fines totalli...
Competition Commission of India imposes US$944m fine for cartelisation
The Competition Commission of India (CCI) has levied a fine of INR63.2bn (US$944m) on 10 cement companies whom it accuses of conspiring to fix prices in contravention of competi...
UltraTech profits rise 10% in 1Q16, operational costs cut
UltraTech Cement, India reported a 10 per cent YoY rise in consolidated profit after tax for the quarter ended March. The company reported a consolidated net profit of INR7230m ...
India: UltraTech confirms US$2.4bn purchase of Jaypee assets
UltraTech Cement has reached a definitive agreement in its deal to buy 21.2Mta of production capacity from Jaiprakash Associates (JAL) at a cost of INR159bn (US$2.4bn). India's ...