Jaypee Group exits cement, sells biz to Dalmia Bharat
The assets put together have a cement manufacturing capacity of 9.4 million tonnes per annum (MTPA), including clinker capacity of 6.7 million tonnes and thermal power plants of 280 megawatts and are situated in Madhya Pradesh, Uttar Pradesh, and Chhattisgarh.
Ahead of Market: 10 things that will decide D-Street action on Wednesday
“The minor weakness with range-bound action continued in Nifty on Tuesday and the market closed the day lower by 58 points amidst volatility. After opening on a negative note, the market shifted into a narrow range movement which continued for the whole session. The opening downside gap remains partially filled,” Nagaraj Shetti, Technical Research Analyst at HDFC Securities, said.
Ahead of Market: 10 things that will decide D-St action on Tuesday
Nifty formed a long bullish candle on the daily chart but analysts said the headline index is making lower highs and lower lows for the last two sessions.
Adani group said to be in talks for Jaiprakash’s Cement unit for $606 million
The ports-to-power conglomerate could pay about 50 billion rupees ($606 million) for a cement grinding unit and other smaller assets, one of the people said, asking not to be identified as the information is private.
Jaypee group firms okay plans to divest cement business, other non-core assets to cut debt
The board of directors of Jaiprakash Power Ventures has approved the divestment of company's Nigrie Cement Grinding Unit as well as other non- core assets.
Jaypee Group firms call board meeting tomorrow over divestment plans
Jaiprakash Power Ventures said its board will be apprised regarding the proposal of "divestment of Nigrie Cement Grinding Unit" and to "review the progress made in the reduction of company's debt".