Birla Corporation today said the acquisition of Reliance Infra's cement business in a Rs 4,800 crore deal will increase its total capacity by to 15.5 million tonnes. Benchmarks . Nifty 22,753.80 111.05. Precious Metal . Gold (MCX) (Rs/10g.) 71,331.00-9.0. Industry.
Reliance Infrastructure said it will commission this month its Rs 3,000-crore Madhya Pradesh cement manufacturing unit that will cater to markets in Central, Eastern and Northern India ...
Birla Corporation to acquire Reliance Cement in INR 4800 cr (USD 710 million) deal ... including approval from the Competition Commission of India. Reliance Cement has a total operating capacity of approximately 5.5 million tons of cement per annum and has an integrated unit in Madhya Pradesh, as well as grinding units at Maharashtra and Uttar ...
Reliance Infra said that it has sold its cement business to Birla Corporation Limited, the flagship Company of the M P Birla Group. The deal values 5.08 mtpa cement business at Rs 4800 crore, at USD 140 per tonne. RCCPL has an integrated cement capacity of 5.08 Mtpa at Maihar, Madhya Pradesh and
Dangote Cement from Nigeria, Hongshi and Huaxin from China and Reliance Cement from India have all been granted clearance to start operations in Nepal. Their combined foreign direct investment amounts to US$1.45bn and their proposed output stands at 22,000t/day. Local projects include Cosmos Cement's plan to build its first clinker plant.
Reliance Infrastructure today said it will commission this month its Rs 3,000-crore Madhya Pradesh cement manufacturing unit that will cater to markets in Central, Eastern and …
Reliance Infrastructure is to commission its 5Mta cement plant in the central Indian state of Madhya Pradesh by the end of this month which will expand the company's …
Birla Corporation Limited (MP Birla Perfect Cement) is aims to be a leader in the domain of cement manufacturing and be a part of the Indian Infrastructure development story.Cement production being...
In 2016,BCL has acquired shares of Reliance Cement Company Private Limited (Reliance Cement), a subsidiary of Reliance Infrastructure Limited (RIL). After this acquisition, Reliance Cement has become a wholly-owned material subsidiary of BCL. The entire cement business of RIL has been acquired for an enterprise value of Rs. 4,800 crores.
Aiming to capitalise on the big demand-supply gap in Uttar Pradesh cement market, the 2 million tonnes per annum (MTPA) Reliance Cement plant in Rae Bareli has become operational.At present, the UP cement market is pegged at around 26 MTPA, while the total cement production in the state stands at about 16 MTPA. The rest of the cement is …
RCCPL has an integrated cement capacity of 5.08 mtpa at Maihar (Madhya Pradesh) and Kundanganj (Uttar Pradesh) and a grinding unit of 0.5 mtpa at Butiburi (Maharashtra). Rinfra plans to use the entire proceeds to reduce its debt in sync with its plan to monetise cement, roads and Mumbai power businesses to reduce its overall debt of Rs …
Reliance Cement, a 100 per cent subsidiary of Reliance Infrastructure, has launched a six-month out of home innovative campaign in the Vidharba region of Maharashtra to promote its cement brand ...
Reliance Cement is currently setting up its first two cement plants, one in Madhya Pradesh and the other in Maharashtra, with a combined installed capacity of 10 million tons. The Madhya …
Birla Corporation Ltd, the flagship company of the MP Birla Group, on Friday launched its 3.9-million tonne Mukutban integrated cement facility with an investment of Rs …
The acquisition, subject to the approval of the Competition Commission of India (CII), will be funded through existing cash reserves and incremental debt, the company said. ... Reliance Cement has three cement …
Reliance Cement | 8,044 followers on LinkedIn. Reliance Cement Company Private Limited (Reliance Cement), a Reliance Group Company and subsidiary of Reliance Infrastructure Limited, was incorporated in the year 2007. The Group's foray into cement is seen as a natural extension of its interests in power and infrastructure businesses that would give it a …
Reliance Cement has three cement units, an integrated cement plant at Maihar (Madhya Pradesh) and grinding units at Kundanganj (Uttar Pradesh) and Butiburi (Maharashtra). Birla Corp will also benefit from Reliance Cement's strategically located raw material sources, captive coal mine, optimum manpower, efficient operating parameters and
Arvind Pathak, CEO, Reliance Cement, said: "Madhya Pradesh is one of the largest cement consuming states in India, with total consumption of around 13 million tonnes per annum.
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Anil Ambani-led Reliance Infrastructure Ltd (R-Infra) has completed the sale of its 100 per cent shareholding in Reliance Cement Co. Pvt. Ltd (RCCPL) to Birla Corp. Ltd, the flagship company of the MP Birla Group. The deal valued the cement business at Rs. 4,800 crore ($715.2 million).
Reliance Cement will deliver NEXTGEN experience to its customers in terms of product quality and customer service.
Birla Corporation Ltd, the flagship company of the MP Birla Group, on Friday launched its 3.9-million tonne Mukutban integrated cement facility with an investment of Rs 2,744 crore in Maharashtra. The greenfield plant of Reliance Cement Company Private Limited (RCCPL), a wholly-owned subsidiary of the cement generator, takes the group's total ...
Anil Ambani-owned Reliance Infrastructure on 4th, February 2016 sold its cement subsidiary to Birla Corp for Rs 4,800 crore at a valuation of $140 a tonne. Reliance Cement has a capacity of 5.5 million tonnes per annum (mtpa) in Madhya Pradesh and Uttar Pradesh. While the transaction will boost Birla Corp?s capacity from 10 mtpa […]
Reliance Cement is currently setting up its first two cement plants, one in Madhya Pradesh and the other in Maharashtra, with a combined installed capacity of 10 million tons. The Madhya Pradesh project will have an integrated unit at Maihar, a blending unit at Gondavali and a grinding unit at Raebareilly in Uttar Pradesh.
The MP Birla Group company will buy 100 per cent stake in Reliance Cement Company Private Limited (RCCPL), which has an integrated cement capacity of 5.08 mtpa at Maihar, Madhya Pradesh, and ...
Arvind Pathak, MD & CEO, on why the plant was planned in Maharashtra Birla Corporation had signed a deal with Reliance Infrastructure whereby it took over its cement production unit (RCCPL) for Rs 4,800 crore at a valuation of $140 a tonne* in 2016. RCCPL had three cement units — an integrated cement plant at […]
Mumbai, Dec. 24: Reliance Infrastructure is understood to be close to selling its cement business, and the transaction likely to be announced over the next few days. The buzz about the impending deal led to the shares of Reliance Infrastructure zooming on the stock exchanges today. On the BSE, the stock finished at Rs 493.05, a gain of nearly 8 per cent, or …
MP Birla Cement MULTICEM is a BIS-certified PPC cement, specially engineered for infrastructural development. It is manufactured using the latest cement manufacturing technology and ultra-modern techniques. Apart from …
The acquisition is subject to regulatory approvals, including approval from the Competition Commission of India. Reliance Cement has a total operating capacity of approximately 5.5 million tons of cement per annum and has an integrated unit in Madhya Pradesh, as well as grinding units at Maharashtra and Uttar Pradesh.
