Support: +91-22-61011756 /
1. Boolean Searches :

i. AND - Shows results where both terms on either side of the 'AND' operator are present. 'AND' must be in upper case. For example search term - delhi AND metro result - It will return records in which 'delhi' as well as 'metro' both are present.

ii. OR - Shows results where either term (or both terms) is present. 'OR' must be in upper case. For example search term - delhi OR metro result - It will return records in which either 'delhi' or 'metro' or both are present

2. Proximity Searches

A proximity search looks for terms that are within a specific distance from one another. For example, search term - 'delhi metro'~10 result - It will search for records where 'delhi' and 'metro' are found within 10 words of each other

3. Phrase searches

You can search phrases using double quotes. for e.g. 'delhi metro' result - It will return records where 'delhi metro' phrase is found.

UltraTech Cement to acquire Jaypee's Gujarat Cement Unit

Thursday, 12 Sep 2013
Share this on :

UltraTech Cement has approved the acquisition of the Gujarat Cement Unit of Jaypee Cement Corporation Limited (JCCL), a wholly owned subsidiary of Jaiprakash Associates Limited (JAL).

The enterprise value of the transaction is Rs 3,800 crore and it will take place by way of a demerger, comprising an integrated cement unit at Sewagram and a Grinding Unit at Wanakbori.

The combined capacity of both the divisions of the Gujarat Unit is 4.8 million tpa of cement with 57.5 MW coal-based thermal power plant, limestone reserves for over 90 years at current capacity, and a captive Jetty at Sewagram. UltraTech will be taking over all the assets and the liabilities of the Gujarat Cement Unit.

The proposed acquisition is subject to the approval of shareholders and creditors, sanction of the Scheme of Arrangement by the High Courts, approval of the Competition Commission of India and all other statutory approvals and it is expected to be completed within seven to nine months.

With this acquisition of Jaypee Cement's 4.8 million tpa plant, UltraTech Cement's capacity will increase to 59 million tpa. With several other projects underway, it is proposed to touch 70 million tpa by 2015.

Post Your Comments


Sign up to start your free trial

Are you...


Free access to Project News and Analysis

Project and Tender Alert in your mailbox

Explore the largest Database on Projects for free

Be part of Online Projects Community

User login
Start Exploring

Subscribe to any of our premium plans to

Access to complete information on 43000+ projects

Use our Notification service for instant update on projects and tenders

Closely monitor your opportunities with "WORKSPACE"

Use our online platform for promotions of your products and services