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

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 11050.10
Ambuja Cements 348.50
ACC 1130.30
Shree Cement 23069.05
Dalmia Bharat 1324.70
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