India: Jaypee Group to sell Bhilai plant to Shree Cement

India: Jaypee Group to sell Bhilai plant to Shree Cement

India’s third-largest cement producer, Jaiprakash Associates Ltd (JAL), has agreed to sell its majority stake in Bhilai Jaypee Cement plant to Shree Cement for Rs 2,200 crore ($328.8 million).

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter