Jaiprakash Associates (JPA), the Jaypee Group flagship, plans to dilute upto 26 per cent stake in its cement business, the third largest in the country. The company has hired a few investment bank-ers to advise on any strategic stake sale
Cement sector’s top three players, which together acco-unt for 42 per cent of domestic production, may see their dominance diminishing in the next two years with regional players coming up in a big way to meet local demand. India has 290 mtpa installed cement-making capacity
A sector struggling to find form is coming to terms with the Supreme Court´s recent salvo. Mining equipment players are seizing every opportunity to grow. ICRA Research estimates that demand for mining equipment from the private sector contracted by 30-40 per cent during 2013-14.