UltraTech Cement in final talks to buy JP Associates’ Gujarat plant: Report

23 Apr 2013

UltraTech Cement is reportedly in final-stage talks with Jaiprakash Associates to buy its 4.8-million-tonne cement plants in Gujarat. The deal may be valued at Rs 4100 crore and is expected to be sealed before May this year.

The deal, if accomplished, will strengthen the AdityaBirla Group Company’s grip on the domestic cement market.

UltraTech Cement reported a fall of 16.27% in its net profit at Rs 726.20 crore for the quarter ended March 31, 2013 as compared to Rs 867.30 crore for the same quarter in the previous year.  However, total income of the company increased marginally by 0.78% at Rs 5572.52 crore for quarter under review as compared to Rs 5529.14 crore for the quarter ended March 31, 2012.

 

Related Ultratech Cement Ltd. Links:

Ultratech Cement Share Price

5531.15 -12.15 (-0.22%) Jan 22, 18:59
1 Year Price Chart
Peers
Company Name CMP
Ultratech Cement 5531.15
ACC 1694.45
Shree Cement 23708.70
Ambuja Cement 257.65
Dalmia Bharat 1155.45
View more..
Sensex vs Ultratech Cement
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback