Concrete

CCI Clears Vedanta’s Rs 170 Billion Bid For Jaiprakash Associates

Competition watchdog approves Vedanta’s proposed acquisition under IBC.

Published

6 months ago

October 17, 2025

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The Competition Commission of India (CCI) has granted in-principle approval to Vedanta Ltd for its proposed acquisition of debt-laden Jaiprakash Associates Ltd (JAL), subject to Vedanta winning the ongoing insolvency bid.

In addition to Vedanta, bids submitted by Jindal Power, PNC Infratech, Adani Group, and Dalmia Bharat for JAL have also received clearance from the regulator.

“The proposed combination involves the acquisition of Jaiprakash Associates Ltd by Vedanta Ltd under a corporate insolvency resolution process (CIRP) in accordance with the Insolvency and Bankruptcy Code (IBC), 2016,” the CCI said in a statement.

The regulator confirmed the decision via a post on X (formerly Twitter), stating, “Commission approves acquisition of Jaiprakash Associates Ltd by Vedanta Ltd.”

Following a recent Supreme Court ruling on the IBC, approval from the CCI has become a mandatory requirement before the Committee of Creditors (CoC) votes on any resolution plan submitted for approval.

The CoC of Jaiprakash Associates is still reviewing the resolution plans received, with voting expected to take place shortly.

Last month, Vedanta reportedly outbid the Adani Group to make a winning offer worth Rs 170 billion, translating into a net present value (NPV) of Rs 125.05 billion. Sources said the bid emerged as the top proposal in a competitive process that saw multiple expressions of interest earlier this year.

Jaiprakash Associates, part of the Jaypee Group, has business interests spanning real estate, cement, power, hospitality, and roads, but was admitted to insolvency by the National Company Law Tribunal (NCLT), Allahabad Bench, on 3 June 2024, after defaulting on loan repayments.

According to financial filings, creditors have claimed over Rs 571.85 billion in unpaid dues. The National Asset Reconstruction Company Ltd (NARCL) is the largest claimant, having purchased stressed loans from a consortium led by the State Bank of India.

In April 2025, around 25 companies expressed interest in acquiring JAL, but by June, only five — Vedanta Group, Adani Enterprises, Dalmia Bharat Cement, Jindal Power, and PNC Infratech — submitted final bids with earnest deposits.

Vedanta’s bid marks a significant step in its expansion across India’s natural resources, critical minerals, and energy sectors, further strengthening its position as one of the country’s largest industrial conglomerates.

JAL’s assets include major real estate developments such as Jaypee Greens in Greater Noida, Jaypee Wishtown in Noida, and the Jaypee International Sports City, located near the upcoming Jewar International Airport. The company also owns four cement plants in Madhya Pradesh and Uttar Pradesh, though these are currently non-operational, along with hotel properties in Delhi-NCR, Mussoorie, and Agra.

Another group company, Jaypee Infratech Ltd, has already been acquired by Mumbai-based Suraksha Group through the insolvency process.

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Concrete

Ultra Concrete Age

Prof. A. S. Khanna (Retd., IIT Bombay) on how Ultra-high performance concrete (UHPC) improves strength, durability and lifecycle performance.

Published

1 week ago

April 1, 2026

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The need of present time is stronger buildings, industrial or common utility buildings, such as Malls, Railway stations, hospitals, offices, bridges etc. For this, there is need of long durable, tough and stable concrete, which could stand under normal and seismic conditions. Tough railway bridges are required for bullet trains to pass without any damage. Railway tunnels, sea-links, coastal roads, bridges and multistorey buildings, are the need of the hour. The question comes, is the normal cement called OPC is sufficient to take care of such requirements or better combination of cements and sand mixtures is required?

Introduction

A good stable building structure can be made with a good quality of cement+sand+water system. Its quality can be enhanced by keeping the density of admixture higher (varies from 30 in normal buildings to bridges etc to 80). Further enhancement in the properties of various cements admixtures is made by adding several additives which give additional strength, waterproofing, flexibility etc. These are called construction chemicals…

To read the full story Click Here

Concrete

NCB Signs MoU With Cement Manufacturer To Boost Construction Skills

Partnership to deliver nationwide training and certification

Published

1 week ago

March 31, 2026

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The National Council for Cement and Building Materials (NCB) has signed a memorandum of understanding with a leading cement manufacturer to strengthen skill development and capacity building in the construction sector. The agreement was formalised at NCB premises in Ballabgarh and was signed by the Director General of NCB, Dr L. P. Singh, and the head of technical services at UltraTech Cement Limited, Er Rahul Goel. The collaboration seeks to bring institutional resources and industry expertise into a structured national training effort.

The partnership will deliver structured training and certification programmes across the country aimed at enhancing the capabilities of civil engineers, ready?mix concrete (RMC) professionals, contractors, construction workers and masons. Programme curricula will cover material quality testing, concrete mix proportioning, durability assessment and sustainable construction practices to support improved construction outcomes. Emphasis is to be placed on standardised assessment and certification to raise practice levels across diverse construction roles.

Practical learning elements will include workshops, site demonstrations, technical seminars and exposure visits to plants and RMC facilities to strengthen applied skills and on?site decision making. The Director General indicated confidence that a large number of professionals and workers would be trained over the next three to five years under the initiative. The partnership is designed to complement flagship government schemes such as the Skill India Mission and to align training outputs with national infrastructure priorities.

By combining the council’s technical mandate with industry experience, the initiative aims to develop a more skilled and quality?conscious workforce capable of meeting rising demand in infrastructure and housing. NCB will continue to coordinate programme delivery and quality assurance while industry partners provide practical exposure and technical inputs. The collaboration is expected to support long?term capacity building and more sustainable construction practices nationwide.

Concrete

JSW Cement Commissions Nagaur Plant, Enters North India

New Rajasthan unit boosts capacity to 24.1 MTPA and expands reach

Published

1 week ago

March 30, 2026

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JSW Cement has strengthened its national presence by commencing production at its greenfield integrated cement plant in Nagaur, Rajasthan, marking its entry into the north Indian market.

With this commissioning, the company’s installed grinding capacity has increased to 24.1 MTPA, while total clinker capacity, including its joint venture operations, stands at 9.74 MTPA.

The Nagaur facility comprises a 3.30 MTPA clinkerisation unit and a 2.50 MTPA cement grinding unit, with an additional 1.00 MTPA grinding capacity currently under development. Strategically located, the plant is positioned to serve high-growth markets across Rajasthan, Haryana, Punjab and the NCR.

The project has been funded through a mix of equity and long-term debt, with Rs 800 crore allocated from IPO proceeds towards part-financing the unit.

Parth Jindal, Managing Director, JSW Cement, stated that the commissioning marks a key milestone in the company’s ambition to become a pan-India player. He added that the project was completed within 21 months and positions the company to achieve its targeted capacity of 41.85 MTPA by FY29.

Nilesh Narwekar, CEO, JSW Cement, highlighted that the expansion aligns with the company’s strategy to tap into rapidly growing northern markets driven by infrastructure development. He noted that the company remains focused on delivering high-quality, eco-friendly cement solutions while progressing towards its long-term capacity goal of 60 MTPA.

The Nagaur plant has been designed with sustainability features, including co-processing of alternative fuels and a 7 km overland belt conveyor for limestone transport to reduce road emissions. The facility will also incorporate a 16 MW Waste Heat Recovery System to improve energy efficiency and lower its carbon footprint.

JSW Cement, part of the JSW Group, operates across the building materials value chain and currently has eight plants across India, along with a clinker unit in the UAE through its joint venture.