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Ultratech Buys Jaypee Madhya Pradesh Cement Plants

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Ultratech Buys Jaypee Madhya Pradesh Cement Plants

Dec 24, 2014 Mumbai: UltraTech Cement Ltd has agreed to buy two cement plants and related power assets of Jaiprakash Associates Ltd in Madhya Pradesh for Rs.5,400 crore, giving the country’s biggest cement maker the capacity to cater to lucrative markets in the central Indian state and neighbouring Uttar Pradesh. As part of the deal, the Aditya Birla Group firm will acquire Jaiprakash

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