Saurashtra Cement gets approval to take over paint business of Snowcem Paints

31 Mar 2021 Evaluate

Saurashtra Cement (SCL) has received approval from Board of Directors to take over the paint business of Snowcem Paints on slump sale basis and as a going concern. The total consideration for the transaction is around Rs 55 crore.

Saurashtra Cement (SCL) is the flagship company of the Mehta Group, formed in 1956. SCL is one of the leading players in the Indian cement industry, manufacturing Ordinary Portland Cement (OPC) and Pozzolana Portland Cement (PPC).

Saurashtra Cement Share Price

104.90 1.00 (0.96%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Ultratech Cement 9740.00
ACC 2494.75
Shree Cement 25800.00
Ambuja Cement 612.30
Dalmia Bharat 1940.05
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