Will turn around JP assets in 3-4 years: Kumar Mangalam Birla

UltraTech Cement, India’s largest cement maker, will take 3-4 years to turn around the assets acquired from the Jaypee group. 

At the 17th annual general meeting of UltraTech on Tuesday, Chairman of Aditya Birla Group Kumar Mangalam Birla said, “We need to turnaround the Jaypee plants. It is where opportunity lies, as there is great value creation potential. The company will work towards increasing capacity utilisation and optimising power costs. That’s the focus of our team now. We may take 3-4 years to turnaround these assets.”

The Birla firm had completed the acquisition in June. The Rs 16,189-crore deal was