India: Jaypee Group in joint venture talks with HeidelbergCement and JSW Cement

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Updated Tue, 17 Mar 2015 15:00:53 GMT

Jaypee Group is reportedly in talks with HeidelbergCement and JSW Cement to form a joint venture that will control the majority of its cement plants. The plan envisages a separate joint venture entity that will house around 20 – 22Mt/yr of Jaypee's operational plants in Uttar Pradesh, Himachal, Uttarakhand, Andhra Pradesh and Chattisgarh. The venture may exclude Jaypee's first cement plant in Rewa, Madhya Pradesh, which has approximately 3Mt/yr of cement production capacity.