Holcim eyes Jaypee Groups plant

Jaypee Group had earlier kick-started discussions to hive off its cement grinding plant based at Panipat in Haryana. The Swiss construction giant Holcim is now in the race for the asset. Holcim Cements has expressed interest in the grinding unit, which has an annual capacity of 1.5 mtpa and talks are at a preliminary stage. Holcim wants to expand its presence in North India through this strategic asset and will take a call if this potential deal can be routed through ACC cements. A domestic player, based in the north, has also expressed interest in the same unit. Contact: Jaypee Group Tel: 0120-460 9000. Website: www.jalindia.com