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ACC to buy Jaiprakash Associates’ stake in cement JV with SAIL

24 Mar 2014 Evaluate

ACC is likely to buy Jaiprakash Associates’ 74% stake in two separate cement joint ventures (JV) with state-owned steel maker Steel Authority of India (SAIL). In this regards, Holcim-owned ACC is in talks with the debt-ridden Jaiprakash for quite sometime and an announcement is likely to be made on March 24, 2014.

The two cement joint ventures with SAIL located at Bhilai (Chhattisgarh) and Bokaro (Jharkhand) with a total capacity of a little over 4 million tonnes per annum (mtpa).

ACC is India’s foremost manufacturer of cement and ready mixed concrete with a countrywide network of factories and sales offices.

ACC Share Price

1445.90 7.90 (0.55%)
22-Apr-2026 15:43 View Price Chart
Peers
Company Name CMP
Ultratech Cement 12145.00
Ambuja Cement 460.00
ACC 1445.90
Shree Cement 25719.50
Dalmia Bharat 1991.00
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