To cut debt by $2.4bn in FY14: Jaiprakash Assoc

Sep 11, 2013, 07.22 PM IST

Jaiprakash, with its subsidiaries, has total debt of Rs 55,000 crore to Rs 56,000 crore, he said, speaking after the company said it has agreed to sell its cement plant in Gujarat state to UltraTech Cement for an enterprise value of Rs 3,800 crore.

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To cut debt by $2.4bn in FY14: Jaiprakash Assoc

Jaiprakash, with its subsidiaries, has total debt of Rs 55,000 crore to Rs 56,000 crore, he said, speaking after the company said it has agreed to sell its cement plant in Gujarat state to UltraTech Cement for an enterprise value of Rs 3,800 crore.

Like this story, share it with millions of investors on M3

To cut debt by $2.4bn in FY14: Jaiprakash Assoc

Jaiprakash, with its subsidiaries, has total debt of Rs 55,000 crore to Rs 56,000 crore, he said, speaking after the company said it has agreed to sell its cement plant in Gujarat state to UltraTech Cement for an enterprise value of Rs 3,800 crore.

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Jaiprakash Associates plans to reduce its debt by 150 billion rupees in the current fiscal year ending on March 31, 2014, Executive Chairman Manoj Gaur said on Wednesday.

Jaiprakash, with its subsidiaries, has total debt of Rs 55,000 crore to Rs 56,000 crore, he said, speaking after the company said it has agreed to sell its cement plant in Gujarat state to UltraTech Cement for an enterprise value of Rs 3,800 crore.

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