UltraTech may buy Jaiprakash´s Rewa cement plant
Although, it is not officially confirmed, Kumar Mangalam Birla´s UltraTech Cement may be interested in buying cement assets from Jaiprakash Associates. UltraTech has been apparently planning to acquire Jaiprakash´s Rewa cement-making complex in central India. The plant has an annual capacity of seven million tonnes. The sale would help Jaiprakash reduce the debt that has grown four fold to $10.3 billion in last five years.