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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
Under OP Puranmalka, Managing Director, UltraTech Cement, the company has recently acquired cement units from Jaiprakash Associates in Madhya Pradesh.
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.
Cement industry plans to expand on the back of a reasonable recovery in the domestic economy and demand for cement hitting double-digit growth trajectory.
Gujarat government’s decision to put its mining policy on the fast track will give a boost to eight cement companies that plan to add 22 mn tonne of capacity.
Jaiprakash Associates Ltd plans to invest Rs 1,250 crore in raising its clinker and cement manufacturing capacity in Himachal Pradesh.
The Board of Directors of UltraTech Cement Ltd, an Aditya Birla Group company at a recent meeting approved acquiring of Jaiprakash Associates Ltd´s (JAL)
The cement shipments of Jaiprakash Associates in December rose 28 per cent to 1.35 mn tonne.
If you wanted to meet people adept at turning stones to milestones, you should have been at the Construction World Annual Awards 2010 in Mumbai.