Global Cement
Online condition monitoring experts for proactive and predictive maintenance - DALOG
Regal Rexnord - One partner for cement - See solutions
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Privacy & Cookie Policy
  • About
  • Trial subscription
  • Contact
News UltraTech purchase of Jaiprakash Associates cement plants likely to complete by June 2017

UltraTech purchase of Jaiprakash Associates cement plants likely to complete by June 2017

Written by Global Cement staff 01 March 2016
  • Print

India: UltraTech Cement's US$2.5bn proposed acquisition of Jaiprakash Associates' cement plants is expected to be completed by June 2017, according to UltraTech Cement.

"We have to ink definitive agreements and get permission from the High Courts. This will take time. The firm expects the agreement to be finalised in the next 12 - 15 months. Expect it to consummate by June 2017," said UltraTech Cement Chief Financial Officer Atul Daga.

Daga added that UltraTech is also looking at alternative routes in case proposed amendments to the Mines and Minerals (Development and Regulation) (MMDR) Act do not happen. In February 2016 the government took views from public, states and industry on amending the MMDR Act to include provisions allowing transfer of captive mines granted through procedures other than auction.

The transfer of captive mining leases, granted other than through auction, would allow banks and financial institutions to liquidate assets where a company or its captive mining lease is mortgaged. The move will allow mergers and acquisitions in the Indian domestic market, especially in the cement sector, in which several deals are currently on hold.

UltraTech Cement signed a Memorandum of Understanding to buy Jaiprakash Associates’ cement plants in late February 2016. Altogether, the cement plants have a total cement production capacity of 22.4Mt/yr.

Last modified on 01 March 2016
Published in Global Cement News
Tagged under
  • India
  • UltraTech Cement
  • Jaiprakash Associates
  • Acquisition
  • mine
  • Government
  • Regulations
  • GCW240

Related items

  • The dawn of the carbon capture cement era?
  • Souheil Arfaoui appointed as head of Ciments de Bizerte
  • Karatoya cement plant to suspend operations for two months
  • Vietnam to allocate emission quotas to cement plants by end of 2025
  • New fibre cement board plant in India
back to top
Loesche - Innovative Engineering
PrimeTracker - The first conveyor belt tracking assistant with 360° rotation - ScrapeTec
UNITECR Cancun 2025 - JW Marriott Cancun - October 27 - 30, 2025, Cancun Mexico - Register Now
Acquisition Cemex China CO2 coronavirus data decarbonisation Export France Germany Government grinding plant HeidelbergCement Holcim Import India Investment LafargeHolcim market Mexico Nigeria Pakistan Plant Production Results Sales Sustainability UK Upgrade US
« June 2025 »
Mon Tue Wed Thu Fri Sat Sun
            1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30            



Sign up for FREE to Global Cement Weekly
Global Cement LinkedIn
Global Cement Facebook
Global Cement X
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Privacy & Cookie Policy
  • About
  • Trial subscription
  • Contact
  • Global CemBoards
  • Global CemCCUS
  • Global CemFuels
  • Global Concrete
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Latest issue
  • Articles
  • Editorial programme
  • Contributors
  • Back issues
  • Subscribe
  • Photography
  • Register for free copies
  • The Last Word
  • Global Gypsum
  • Global Slag
  • Global CemFuels
  • Global Concrete
  • Global Insulation
  • Pro Global Media
  • PRoIDS Online
  • LinkedIn
  • Facebook
  • X

© 2025 Pro Global Media Ltd. All rights reserved.