Debt-laden Jaypee Cement Corporation Limited (JCCL) has formally invited bids for its revival, kicking off a corporate insolvency resolution process (CIRP) that could reshape India’s cement sector. The resolution professional (RP) issued a detailed Expression of Interest (EoI) notice today, offering the company’s 1.2 million-tonne cement capacity and allied assets to potential investors.
Key Assets on Offer
- Cement Units:
- Shahabad Grinding Unit (Karnataka) with 60MW captive power plant
- Chunar Cement Factory (UP)
- Prayagraj Blending Unit (UP)
- Ancillary Facilities:
- Heavy Engineering Workshop (Rewa, MP)
- Asbestos plants (1,00,000 TPA capacity each)
- Financial Snapshot:
- FY24 Revenue: ₹30.03…