Ambuja Cements emerges as sole bidder for bankrupt Jaypee Cement
Adani Group -backed Ambuja Cements has submitted an INR5.8bn (US$60.3m) offer for bankrupt Jaypee Cement , becoming the sole bidder after My Home Group withdrew its lower INR3bn...
Jaypee Cement
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Adani Cement eyes acquisitions in South India
Adani Cement is conducting due diligence on at least two South India-based cement companies as part of its expansion strategy. The group remains interested in acquiring Jaypee C...
The Ministry of Coal cancels mining licence
India's Ministry of Coal has cancelled the mining licence for the Mandla South coal block won by Jaypee Cement, following the sale of the attached plants to UltraTech Cement. Ja...
Orient Cement to acquire two Jaypee units
Orient Cement has reached an agreement to buy two cement units from Jaypee in the central and eastern regions of India.
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.
India: Jaypee Cement requests coal re-allocation
Jaypee Cement has requested that the central government allocate the two captive coal blocks won in auction to other firms in need of fuel. Jaypee Cement wished to surrender the...
India: UltraTech to complete Jaypee acquisition ‘in next 12 months’
Birla Group chairman, Kumar Mangalam Birla, told his firm's annual general meeting that its UltraTech Cement subsidiary should complete its acquisition of Jaypee Cement within t...
India: Jaypee Group debts threaten cement unit sale
Creditors of Indian conglomerate Jaypee Group have invoked debt restructuring provisions that allow them to convert loans into equity, turning them into the firm’s majority shar...
India: Jaypee vice chairman and director resigns
Jaiprakash Associates Ltd (JAL) said its vice chairman, Sarat Kumar Jain, has resigned from the Group.
UltraTech is in a better position to control India's cement market
UltraTech Cement has undertaken series of acquisitions and organic expansions over the past year. This will help the country's largest cement manufacturer in enhancing market sh...