SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Jaiprakash Associates in talks with Shree Cement to sell Bhilai Cement unit: Report

17 Oct 2014 Evaluate

In a bid to trim debt of Rs 60,000 crore by disposing off assets, Jaiprakash Associates is reportedly in talks with Shree Cement to sell its 2.1 million tonne Bhilai Cement unit for Rs 1,800 crore. The negotiation with Shree Cement is at an advanced stage and the deal is likely to be completed by October.

Jaiprakash owns a 74 percent stake in Bhilai Cement, with the rest held by state-run Steel Authority of India (SAIL). The cement unit, with yearly revenue of about Rs 800 crore, has debt of Rs 600 crore. After adjusting for this, the equity value of the deal would be between Rs 1,100 and 1,200 crore.

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.

 

JP Associate Share Price

2.41 0.00 (0.00%)
17-Mar-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4094.95
Rail Vikas Nigam 303.10
NCC 161.30
KEC International 580.10
Kalpataru Projects 1232.90
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×