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Birla Corporation to buy both Lafarge India cement units for Rs 5,000 crore The company said that upon completion of this transaction, Birla Corporation will consolidate its position in the eastern India cement market, where the demandsupply scenario and outlook continue to remain buoyant.
Birla Corp has been among the most acquisitive midsized cement companies since last year. In August, it agreed to acquire two similarsized assets from Lafarge India for Rs 5,000 crore but that transaction is yet to be completed following a regulatory logjam over the transfer of limestone mines.
Mumbai: Birla Corp. Ltd on Monday said it had agreed to acquire two cement assets from the local arm of Lafarge SA with a combined production capacity of around million tonnes (mt) for a
Birla Corp shares surged nearly 20 per cent to Rs 543 on Monday after it announced the acquisition of two cement units from Lafarge India for an enterprise value of Rs 5,000 crore.
Birla Corporation on Monday said it will acquire two cement units from Lafarge India having a capacity of million tonnes per annum for,000 crore. Birla Corporation said in a BSE filing
Birla Corp. will acquire Lafarges Sonadih Cement, a grinding unit in Jojobera, Jharkhand, along with its brands Concreto and PSC. It will also acquire the Sonadih unit in Chhattisgarh. The two units being sold by Lafarge are among the most profitable cement plants in India, generating about crore in pretax profits a year even in the current depressed market.
On Monday, the Birla Corporation said that it will be acquiring two cement units from Lafarge India, having capacity of million tonnes per annum for Rs 5,000 crore.. In a filing to BSE Birla Corporation said that it has agreed to a transaction with Lafarge India Private Ltd, whereby Birla Corp, either directly or through its whollyowned subsidiary, shall acquire both the Jojobera and
Birla Corporation on Monday said it has agreed to buy two cement making units of Lafarge India Private Ltd with a combined capacity of around million tonnes along with two cement
Mumbai: Birla Corp. Ltd on Monday said it had agreed to acquire two cement assets from the local arm of Lafarge SA with a combined production capacity of around million tonnes (mt) for a
Read more about Birla Corporation to move court against Lafarlcim on Business Standard. Kolkata based Birla Corporation''s Rs. 5,000 crore deal with Lafarge India to buy two cement units has gone sour with the former planning to seek legal solution over the a regulatory filing with the Bombay Stock Exchange, the Kolkata based
#0183;#32;Birla Corporation to Buy 2 Cement will help Birla Corp to expand Eastern India currently operated by Lafarge India, the group said. The two plants have an annual cement capacity
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