Saturday 2 August 2014

Indian cement firm to sell facility for $594m

India's Jaiprakash Associates has agreed to sell its cement plant in Gujarat state to UltraTech Cement for around 38 billion rupees ($594 million) including debt. UltraTech, the country's largest cement maker by production


Indian firm to acquire ETA Star Cement

India's UltraTech Cement said on Thursday it would acquire Dubai-based ETA Star Cement for an enterprise value of $380 million, giving it direct access to markets in the Middle East and Bangladesh. UltraTech, which is set to become Ind

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