SK Birla Group is a large comprehensive enterprise, whose business scope covers textiles, communications and electronic equipment. The sale of a 30% stake in Mysore Cement is seen as a hint of an exit from the cement industry.
The SK Birla Group currently holds 24.1% of Mysore Cement, while a number of other private companies hold 19.8%. Heidelberg Cement Group entered the Indian market at the beginning of this year. They have a joint venture with the Indorama Group, which has a clinker production line at Maharashtra with an annual capacity of 2 million tonnes .
At present, India's infrastructure construction such as roads, bridges, ports and other projects are huge, which has greatly stimulated the demand for cement and other building materials, so the world's major cement manufacturers have turned their eyes to India, very optimistic about this potential market.
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