HeidelbergCement concludes sale and transfer of cement grinding facility to JSW Steel

04 Jan 2014

HeidelbergCement India has completed the sale and transfer of its cement grinding facility situated at Raigad in state of Maharashtra to JSW Steel, as a going concern on slump sale basis in accordance with Business Transfer Agreement executed between the company and JSW Steel on October 05, 2013. The aforesaid sale and transfer will take effect from the end of business hours on January 03, 2014.

Heidelberg Cement India is one of the leading producers of building materials worldwide. The company manufactures portland slag cement and portland pozzolana cement. The company has manufacturing facilities located at Ammasandra (Karnataka), Damoh (MP) and Jhansi (UP) and has total production capacity of 5.9 million tonnes per annum.

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