Ultratech Limited to acquire Jaypee Group’s cement capacity assets

Q.  Ultratech Limited is set to acquire which Group’s cement plants?
- Published on 29 Feb 16

a. Jaypee Group
b. Shree
c. Ambuja
d. Dalmia

ANSWER: Jaypee Group
 
UltraTech Limited has taken the decision to acquire Jaypee Group’s 22.4 MT of cement capacity assets for INR 16500 crore. This is the largest deal ever in the cement sector of India. Kumar Mangalam Birla’s flagship cement firm has entered into binding agreement with Jaiprakash Associates Ltd for acquisition of identified cement plants with total cement capacity of 22.4 mtpa and situated in MP, UP, HP, Uttarakhand, Andhra Pradesh and Karnataka. Deal will also include a 4 metope plant under implementation at INR 470 crore. Jaypee Group is India’s third largest cement group.

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