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Adani group is in advanced talks to buy the cement assets of cash-strapped Jaypee group. The deal is expected to be valued around 3.3k - 4.1k Cr.
#StockMarket #Stocks #Adani #JpAssociates #JPPOWER #StocksInFocus
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#StockMarket #Stocks #Adani #JpAssociates #JPPOWER #StocksInFocus
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Jaiprakash Associates has approved divestment of its cement business. The Jaypee group currently has an installed cement capacity of 10.55 mtpa. Ultratech leads to cement sector with an installed capacity of 119.95 mtpa.
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Some people say Jaypee also approached JSW but they declined. Adani group plans to double their cement capacity from 70 mtpa to 140 mtpa in 5 years.
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