India: UltraTech Cement, India’s largest cement producer has commenced negotiations to acquire promoters’ stakes in Kesoram Industries, which sells cement under the Birla Shakti brand. It has two cement plants: Vasavadatta Cement in Sedam, Karnataka, and Kesoram Cement, located in Basantnagar, Telangana. The two plants have a combined cement capacity of 10.8Mt/yr.
UltraTech Cement looking to buy Kesoram Industries
URL: https://www.globalcement.com/news/item/16617-ultratech-cement-looking-to-buy-kesoram-industries
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