Ultratech Cement is in discussion with Jaiprakash Associates for acquiring its 2.2 million tonne (MT) Bhilai unit. Both entities have approached SAIL for its nod for the deal as the domestic steel giant has a 26 per cent stake in the facility.
Earlier in December 2014, UltraTech Cement had acquired Jaiprakash Associates’ two cement units and associated power plants in Madhya Pradesh for Rs 5,400 crore. The two units in Madhya Pradesh include clinker capacity of 2.1 million tonne and cement grinding capacity of 2.6 MT at Bela along with a captive power plant of 25 MW. In addition, 3.1 MT of clinker capacity and 2.3 MT of cement grinding capacity at Sidhi was also been sold along with a 155 MW power plant.
UltraTech manufactures and markets Ordinary Portland Cement, Portland Blast Furnace Slag Cement and Portland Pozzalana Cement.
