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

24 Mar 2014

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

1492.00 6.75 (0.45%) Nov 18, 09:49
1 Year Price Chart
Peers
Company Name CMP
Ultratech Cement 4085.35
ACC 1492.00
Shree Cement 19635.00
Ambuja Cement 201.85
JP Associate 2.14
View more..
Sensex vs ACC
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback

8055769463

8055769463