Jaiprakash surges on deal to sell cement plants
Jaiprakash Associates has gained as much as 13% to a month-high of 8.75 rupees.
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Jaiprakash Associates has gained as much as 13% to a month-high of 8.75 rupees.
The emerging world will continue to outperform the advanced economies.
Government data shows that India's infrastructure output grew an annual 5.7% in February, its fastest pace in at least 13 months.
UltraTech Cement will finalise the purchase of Jaiprakash Associates Ltd’s cement plants for US$2.4 billion including debt.
As part of completing its CSR objectives for 2016, Bestway Cement Limited sponsored a six day Mega Family and Industrial Exhibition
Shree Cement said that the project has a capacity of 300 000 m3 per annum and is situated at Sikandrabad, Bulandshahr in Uttar Pradesh.
JP Associates will sell cement plants with a combined capacity of 22.4 million t to UltraTech.
The dry bulk market will keep on suffering however, at least until the start of 2017 and possibly well after that.
According to the Q1 2016 update of Timetric’s Construction Risk Index, risk has risen marginally across the 50 countries covered.
LafargeHolcim is confident that a rally will continue in emerging markets even as others see raw materials faltering.
Dry bulk contracting comes to a halt while demolition is on the rise.
Residential building applications for aggregates will be driven by upturns in the housing markets of developed countries.