As per the sources available with www.propertykhazana.com, the Aditya V Birla Group is hanging around again because it is all set to make an immense permit gaining in the cement business and has talks with the Jaypee Group to purchase part of the cement business from them. Jaypee is selling out its 28 Million Tonnes per annum cement ability to hike finances so that the group can decrease its Rs. 40,000 Crores arrears load. Birla Group is in interest to purchase the bulk venture in Jaypee cement trade and talks are presently in progress over management control and the appraisal of the cement trade.
According to the sources available with www.propertykhazana.com when Manoj Gaur Chairman of Jaypee Group was contacted by Birla Group he did not talk any thing with the group. But in a conference Gaur told that group seems to sell part of its cement trade and invest planned associate to decrease its arrears, but he did not name the associate. Jaypee’s whole cement ability is about 28 MTPA valued at $3.6 Billion with the interest rates raised up in last few months and the interest expenses have blasted up significantly. But the company will cut down the arrears with the profits of sale in cement trade.
Sources claiming at www.propertykhazana.com reveals that, Aditya Birla Group owns Ultratech cement and its ability is 52 MTPA likely risen up 62 MTPA as it is spending close to Rs. 11,000 Crores in increasing ability. Jaypee Cement is in the money pot of Birla group and it will develop into leading Cement Company in the country. Jaypee was in talks with private equity Temasek of Singapore to sell the cement trade earlier but it broke over because of appraisal issues.
Source: NIMMA BENGALURU
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