Ultratech Cement to acquire JP's Bhilai Plant at around Rs 2200 crore: Report

Ultratech Cement Ltd. | Cement & Construction Materials | Construction & Infrastructure | BSE: 532538 | NSE: ULTRACEMCO

20 May 2015 Evaluate

Ultratech Cement, an Aditya Birla Group Company is reportedly planning to acquire JP's Bhilai Plant at Enterprise value of Rs 2,100-2,200 crore. The debt of JP Group's Bhilai Cement Plant stands at Rs 558 crore.

UltraTech manufactures and markets Ordinary Portland Cement, Portland Blast Furnace Slag Cement and Portland Pozzalana Cement. The company has 11 integrated plants, one white cement plant, one clinkerisation plant in UAE, 15 grinding units 11 in India, 2 in UAE, one in Bahrain and Bangladesh each and five terminals, four in India and one in Sri Lanka

Peers

Company Name	CMP
Ultratech Cement	11100.00
Ambuja Cements	384.75
ACC	1236.65
Shree Cement	22342.90
Dalmia Bharat	1698.10
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