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bhilai jaypee cement plant sale to shree cement ltd jun

bhilai jaypee cement plant sale to shree cement ltd jun

India’s third-largest cement producer, Jaiprakash Associates Ltd (JAL), has agreed to sell its majority stake in Bhilai Jaypee Cement plant to Shree Cement for Rs2,200 crore.JALhas been trying to reduce its massive debt of Rs 40,000 crore by selling off stakes in infrastructure projects and cement units.

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