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The India Cements gets nod to sell grinding unit to UltraTech Cement

20 Apr 2024 Evaluate

The India Cements has received approval to sell its grinding unit, with an installed capacity of 1.1 MTPA, at Parli Vaijnath, Beed District, Maharashtra (PGU), to UltraTech Cement for a total consideration of Rs 315 crore (exclusive of taxes and levies). In this regard, the company has entered into an asset purchase agreement with UltraTech Cement. The Board of Directors of company at its meeting held on April 20, 2024, approved the same. 

The India Cements is engaged in the manufacture of products that will enable the customer to build structures which are durable, cost effective and conducive for human life style.

Peers
Company Name CMP
Ultratech Cement 10708.30
Ambuja Cements 359.75
ACC 1178.75
Shree Cement 21835.00
Dalmia Bharat 1687.90
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