Jaiprakash Associates in talks to sell its Bhilai Cement unit to Shree cements

♠ Posted by at Friday, October 17, 2014 in ,,, at Friday, October 17, 2014

Jaiprakash Associates, which has business interests that range from real estate to power, is in advanced talks to sell its 2.1 million tonne Bhilai Cement unit to rival Shree Cement for an enterprise value of Rs 1,800 crore as it looks to trim debt of Rs 60,000 crore by disposing of assets. 

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