Jaiprakash's Cement company is reportedly offered for sale to Adani Group for $606 million

On Thursday, February 25, 2021, workers load cement sacks onto parked trucks at a train yard outside of Patna, Bihar, India

According to the median estimate in a Bloomberg survey of experts, India's economy has likely returned to expansion in the three months

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Gautam Adani, is in advanced talks to purchase the cement division of Jaiprakash Power Ventures Ltd.

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A cement grinding plant and other minor assets could be purchased by the ports-to-power company for roughly 50 billion rupees

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The purchase will be made by one of the cement businesses that Asia's richest person recently acquired

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The agreement will support the Adani Group's efforts to maintain its sudden dominance in the cement industry

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which began after it acquired Ambuja Cements Ltd. and ACC Ltd. from Holcim Ltd. of Switzerland in May

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transforming it into India's second-largest cement producer almost immediately with an installed production capacity of 67.5 million tonnes annually

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Representatives of the Adani Group declined to comment. Representatives of Jaiprakash Associates were not immediately available for comment.

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the board of Jaiprakash Associates has chosen to sell the business' "major" cement operations in order to reduce debt

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On Thursday, February 25, 2021, workers load cement sacks onto parked trucks at a train yard outside of Patna, Bihar, India

Credit: google

According to the median estimate in a Bloomberg survey of experts, India's economy has likely returned to expansion in the three months

Credit: google

Gautam Adani, is in advanced talks to purchase the cement division of Jaiprakash Power Ventures Ltd.

Credit: google

A cement grinding plant and other minor assets could be purchased by the ports-to-power company for roughly 50 billion rupees

Credit: google

The purchase will be made by one of the cement businesses that Asia's richest person recently acquired

Credit: google

The agreement will support the Adani Group's efforts to maintain its sudden dominance in the cement industry

Credit: google

which began after it acquired Ambuja Cements Ltd. and ACC Ltd. from Holcim Ltd. of Switzerland in May

Credit: google

transforming it into India's second-largest cement producer almost immediately with an installed production capacity of 67.5 million tonnes annually

Credit: google

Representatives of the Adani Group declined to comment. Representatives of Jaiprakash Associates were not immediately available for comment.

Credit: google

the board of Jaiprakash Associates has chosen to sell the business' "major" cement operations in order to reduce debt

Credit: google