UltraTech Cement Wants to Acquire Plant in Northeast India
2012-03-26 00:00:00
Bela Adi, which has become the world's seventh-largest cement company through mergers, is in talks to buy the Meghalaya plant of Adhunik MSP, a cement producer in India's northeast region, for 7 billion.
< P > < FONT face = Verdana > MUMBAI: Bela Adi Group, which has become the world's seventh-largest cement company through a merger, is in talks to buy the Meghalaya plant of Adhunik MSP, a cement producer in India's northeast region, for 7 billion. < P > < FONT face = Verdana > UltraTechCement wants to buy a plant with a capacity of 1.5 million metric tons to bolster its position in the fast-growing emerging markets of the Northeast. A person familiar with the deal said: The acquisition has completed a survey of the limestone-rich Jaintia Hills and has now turned to some statutory no-objection certificate procedures, mainly on issues related to lease mining and environmental protection in the Northeast. < BR > (This article only represents the author's personal views and has nothing to do with China Cement Net. Please indicate the source for reprinting.)
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Bela Adi, which has become the world's seventh-largest cement company through mergers, is in talks to buy the Meghalaya plant of Adhunik MSP, a cement producer in India's northeast region, for 7 billion.
2012-03-26 00:00:00
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