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Jaiprakash Associates’ arm completes sale of Gujarat Cement Plant

12 Jun 2014 Evaluate

Jaiprakash Associates’ wholly owned subsidiary - Jaypee Cement Corporation, has consummated the transaction relating to the sale of Gujarat Cement Plant on June 12, 2014.

Jaypee Group is the country’s third largest cement maker. Swiss major Holcim owns majority stake in both ACC and Ambuja Cement with a combined capacity of around 52 mtpa in India.

Peers
Company Name CMP
Larsen & Toubro 3915.00
Kalpataru Projects 1435.05
NCC 141.00
Rail Vikas Nigam 205.00
KEC International 406.45
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