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India Cements to acquire entire stake in Springway Mining

29 Oct 2018 Evaluate

India Cements has entered into a share purchase agreement for acquiring the entire shareholding of Springway Mining, in a phased manner, at a total consideration of Rs 182.89 crore with an objective of setting up of a cement plant in the State of Madhya Pradesh.

India Cements is the largest producer of cement in South India and one of the largest cement manufacturer in the country.

India Cements Share Price

415.50 4.80 (1.17%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Ultratech Cement 11887.30
Ambuja Cement 458.95
ACC 1431.85
Shree Cement 25301.95
Dalmia Bharat 1972.55
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