Birla Corporation today said the acquisition of Reliance Infra’s cement business in a Rs 4,800 crore deal will increase its total capacity by to 15.5 million tonnes per annum from 10 MTPA at present. Birla Corporation today announced an agreement with Reliance Infrastructure for acquisition of its entire cement business for a value of Rs 4,800 crore. The company in a release said the two companies have agreed that Birla Corp shall acquire all the shares of Reliance Cement Comp .. Read more at: http://economictimes.indiatimes.com/articleshow/50856480.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Source: Economic TimesReliance Cement buyout to raise capacity to 15million tonnes per annum: Birla Corp.
Industry: Cement 2016-02-05