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Jaiprakash Associates to sell Bhilai Jaypee Cement for INR

Bhilai Jaypee Cement owns a 1.1-million tons per annum (MTPA) clinker plant at Babupur, Satna, in Madhya Pradesh and a 2.2-MTPA cement Grinding Unit at Bhilai, Chhattisgarh.

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Debt-ridden Jaypee group defaults on Rs 4,460 cr worth of

Earlier this year, in one of the biggest deals in the domestic cement industry, debt-ridden Jaypee Group had announced part sale of its cement business to Kumarmangalam Birla-led

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Jaiprakash Associates, a part of the debt-laden Jaypee Group, has announced a debt restructuring plan that will involve the transfer of certain assets and liabilities to its subsidiary, Jaypee

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Orient Cement to acquire 2 units from Jaypee for Rs 1946 . Orient Cement Ltd (OCL) has signed definitive agreements with Bhilai Jaypee Cement and Nigrie Cement Grinding Unit for the transactions that is expected to be completed before March 31 2018.

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Jaypee Cement seeks Coal Ministry's nod to return two coal

These include Bhilai Jaypee Cement, in which Orient is acquiring 74 per cent stake for Rs 1,450 crore, and the Nigrie cement grinding unit in Madhya Pradesh, which is being bought for Rs 500 crore. Bhilai Jaypee Cement owns a 2.2 million tonnes per annum (MTPA) cement making capacity at Satna in Madhya Pradesh and a 1MTPA grinding unit at Bhilai in Chhattisgarh.

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