Epic Update : Ultratech Cement

UltraTech Cement has received an approval for acquisition of the Gujarat Cement Unit of Jaypee Cement Corporation (JCCL), by way of a demerger, comprising of an integrated cement unit at Sewagram and Grinding Unit at Wanakbori. JCCL is a wholly-owned subsidiary of Jaiprakash Associates (JAL). With this acquisition of 4.8 mtpa the company’s current capacity increases to 59 mtpa. The board of the company at its meeting held on September 11, 2013 has approved for the same.



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