UltraTech Cement´s Rs 17,000 crore proposed acquisition of Jaiprakash Associates´ cement plants is expected to be completed by June 2017. The company had acquired the debt-ridden JP Group´s cement plants for nearly Rs 17,000 crore (about $2.5 billion) recently, making it the biggest deal in the sector.
The company is also looking at alternative routes in case the proposed amendments in Mines and Minerals (Development and Regulation) Act does not happen.
Contact: UltraTech Cement.
Tel: 022-6691 7800.