UltraTech to buy the Jaiprakash Cement Plants in Gujarat

UltraTech to buy the Jaiprakash Cement Plants in Gujarat

Jaiprakash Associates is reportedly getting ready to dispose its Gujarat-based cement plants at a lower value to UltraTech Cement. The units will be sold at $130 a tonne, instead of $160 a tonne it was seeking earlier. Jaiprakash Associates was expecting Rs 4,500 crore from the sale of the cement units in Gujarat, but now it will get less than Rs 4,000 crore.

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