Birla Corp Buys Reliance Cement For Rs 4 800 Crore

2021 10 26 ultratech cement an aditya birla group company has acquired the 48 million tonne per annum mtpa gujarat unit of jaypee cement corporation for rs 3 800 croreas part of the deal ultratech will take over debt of rs 3 650 crore it will issue equity worth rs 150 crore with the fresh issue resulting in dilution of no more than 032 per.

Delta corp ltd delta corp consolidated september 2021 net sales at rs 7472 crore up 9474 yoy moneycontrol 7 updates reliance industries.

Birla corp to acquire two lafarge cement plants for rs5000cr legally india publicly listed birla corporation has agreed to acquire lafarge indias two cement units in the eastern region for an enterprise value of inr 5000 crore the deal includes lafarges jojobera plant in jharkhand and sonadih in chhattisgarh which have a total capacity of 55 million tons.

Rinfra in february this year had announced the deal whereby birla had agreed to buy the cement business for rs 4800 crore at a valuation of 140 a tonne.

Birla corporation is an mp birla group company that commenced operations as a jute manufacturer and has over time evolved into a cement major with the jute business having a nominal contribution having acquired the cement arm of reliance infra reliance cement corporation rccpl the companys surged from 98 mt to 154 mt.

Birla corporation to set up greenfield cement plant in maharashtra for rs 2450 crore 05 aug 2018 0825am ist the company in a bse filing on saturday said that the rccpl board has approved setting up the new cement plant which will take up its capacity.

Check out aditya birla group recent cement acquisitions ultratech buys jp cement birla corp buys 2 lafarge plant birla corp buys reliance cement we have recently updated the vedanta cairn merger holdup due to minority shareholder check it out on our website.

Chevron buys out reliance in 2 oil blocks in kurdistan for 200 million 77 per cent at rs 41 crore in the first quarter compared to rs 181 crore in the yearago period in a hearing.

Aditya birla group it bought jaypee cement corporations 48milliontonne cement manufacturing unit in gujarat for an enterprise value of r3800 crore without forking out any cash but taking on the latters debt of rs3650 crore issuing shares for a value of r150 crore.

Esaf small finance banks rs 99778crore public issue comprises a fresh issue of equity shares worth rs 800 crore and an offer for sale of rs 19778 crore by existing shareholders according to draft red herring prospectus drhp.

Mumbai reliance infrastructure ltd on thursday said it has agreed to sell its cement business to birla corporation ltd for rs 4800 crore 710 million as part of its efforts to reduce debt.

Send me a copy anil ambaniowned reliance infrastructure on thursday sold its cement subsidiary to birla corp for rs 4800 crore at a valuation of 140 a tonne reliance cement has a capacity of 55 million tonnes per annum mtpa in madhya pradesh and uttar pradesh while the transaction will boost birla corps capacity from 10 mtpa to 155.

Read more about birla corp buys reliance cement for rs 4800 crore on business standard rccpl acquisition will enhance birla corps cement capacity from 10 mtpa to 155 mtpa while it will help reliance infrastructure to reduce debt.

However pbt was down by 11 to rs 32058 crore pat was up by 1 to rs 23239 crore birla corporation has reduced its debt from rs 417277 crore a year earlier to rs 406065 crore at the end of september 2020 and that is despite spending close to rs 800 crore on the upcoming factory at mukutban over the past 12 months.

Indian billionaire dilip shanghvi agreed to buy 23 of suzlon energy for r1800 crore as asias secondbiggest fe bureau reliance cement bags first coal block.

Birlas ultratech buys jps cement plants for rs 17000 crore aditya birla group firm ultratech sunday announced acquisition of debtridden jp groups cement plants for nearly rs 17000 crore about usd 25 billion making it the biggest deal in the sector 1711 pm ist.

Ultratech to buy bulk of jaypee cement for 24b ultratech cement ltd has struck a mega deal to acquire almost the entire cement business of jaiprakash associates ltd at an enterprise value of rs 16500 crore 24 billion the aditya birla group firm said on sunday the deal will help ultratech the singlelargest cement firm in the country.

The m p birla group company is competing with jsw cement to buy this capacity which is valued around rs 5000 crore for birla corp it.

Jsw cement made the open offer at rs 14 per share of shiva cement totaling as much as rs 8736 crore 13 million the offer comes after the cement maker agreed to buy a 356 stake from shiva cements promoters for rs 9724 crore this is the first acquisition by jsw group in the cement sector and comes after it struck a number of takeover.

Jaypee plans to raise rs 2 000 crore to sell bhilai bhilai jaypee cement owns 11 mtpa clinker plant at satna in mp and 22 mtpa cement grinding unit at bhilai chhattisgarh jaiprakash associates has also sought shareholders nod for an enabling special resolution to raise up to rs 2000 crore through issue of cement plant in durg.

Birla corporation had acquired the cement plants of reliance at a consideration of rs4800 crore to fund this acquisition birla corp had taken a loan of rs1000 crore on its books.

Mumbai reliance group on sunday dismissed congress president rahul gandhis claim that anil ambani is a dishonest businessman and crony.

Birla corp clinches cement deal with rinfra to pay rs 4800 crore reliance infrastructure rinfra thursday sold its cement business arm to birla corporation for rs 4800 crore a.

Further birla corporation has financed entire capex for fy20 through internal accruals with current net debt at around rs 3290 crore and net debtebitda at.

Pat of rs 766 crore was down 5 yoy vs lower than the estimate of the brokerage rs 824 crore according to icici securities key triggers.

Reliance industries on friday reported a 13 per cent rise in net profit to rs 13101 crore in the quarter ended december 2020 fromrs 1640 crore in the corresponding period a year ago.

From a net worth of just rs 4518 crore rs 4518 million and sales of 138 million tonnes valued at rs 78 crore rs 780 million in 1965 indian oil.

Shares of ultratech cement hit a record high of rs 821995 up 4 per cent on the bse in mondays intraday trade on strong demand outlook in an otherwise subdued market in comparison the sampp bse sensex was down 041 per cent at 59856 points at 1011 am.

4 the company is likely to achieve rs800 crore turnover and ebita of rs140 crore 5 the company with 86 crore equity shares the market cap of the company is only rs 340 crore 6 assuming the multiple of 7 on conservative basis the market cap of the company not less than rs1200 crore plus for of sale of surplus land rs500 crore.

The perfect brand originally belonged to reliance cement company rcc it was acquired by birla corporation in a rs 48billionbuyout in 2016 while the acquisition has been leveraged by the company to up its cement capacity from 10 million tonnes per annum mtpa to 155 mtpa one crucial asset that is still to be fully realised is the.