Economy & Market

JP Associates to sell cement units to cut its debt

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To cut its debt, Jaiprakash Associates is is planning to sell its Gujarat-based cement units for Rs 4,000 crore in a few weeks. Media reports say that the deal is likely to be carried out at $150 a tonne.

The capacity of these Gujarat- based units is 4.5 million tonne per annum (mtpa). Earlier, the group was in talks with the Birlas to sell the cement units.

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