India’s Jaiprakash Associates to sell cement plant to HeidelbergCement

HeidelbergCement is reportedly acquiring a cement plant in Uttar Pradesh in India from India-based Jaiprakash Associates for about US$78.76 million (INR 5 billion). An industry source familiar with the issue is said to have told India-based English language newspaper The Financial Express that the German cement sector giant is currently in advanced talks with Jaiprakash Associates to acquire the 1 million tonne/year cement unit.
June 23, 2015 Read time: 1 min

674 HeidelbergCement is reportedly acquiring a cement plant in Uttar Pradesh in India from India-based Jaiprakash Associates for about US$78.76 million (INR 5 billion). An industry source familiar with the issue is said to have told India-based English language newspaper The Financial Express that the German cement sector giant is currently in advanced talks with Jaiprakash Associates to acquire the 1 million tonne/year cement unit.

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