NEW DELHI :  The Competition Commission of India (CCI) has approved Ultratech Cement Limited’s acquisition of the two cement plants of Jaypee Cement Corporation Limited, ruling that it would not have any appreciable adverse effect on competition in India.

The plants with combined capacity of 4.8 million tonnes per annum are located at Sewagram and Wanakbori in Gujarat. Jaypee Cement is the wholly owned subsidiary of Jaiprakash Associated Limited (Jaypee).

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