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.)
Correlation
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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