In 16500 crore rupees Ultra Tech acquired cement units of Jaiprakash Associates.

On 28th Feb UltraTech announced acquisition of JP Group’s cement plants for Rs 16,500 crore, 
•    It was the biggest deal in this sector. 
•    The buyer will pay an additional amount of Rs 470 crore to complete the grinding unit.
•    In a transaction that will take its cement portfolio to nearly 91 million tonne, 
•    UltraTech Cement will acquire 22.4 mt of assets from Jaiprakash Associates. 
•    The deal includes two units in Madhya Pradesh.
•    Earlier UltraTech called off a Rs 5,400-crore transaction with JAL for cement plants in Madhya Pradesh. 
•    UltraTech Cement Limited and its subsidiaries have an annual capacity of 68.3 million tonnes, making it among the top manufacturers of cement globally. 
•    UltraTech is also the largest manufacturer of White Cement in India. 
•    UltraTech has 11 composite plants, 1 white cement plant, 1 WallCare putty plant, 1 clinkerisation plant in UAE, 15 grinding units; 11 in India, 2 in UAE, 1 in Bahrain and Bangladesh each, 6 bulk terminals; 5 in India and 1 in Sri Lanka and 101 concrete plants.