India Cements to acquire Springway Mining
In order to establish a cement plant in Madhya Pradesh, India Cements will reportedly acquire Springway Mining for an amount of Rs 1.82 bn. The company has entered into a share purchase agreement for the deal. India Cements' net profit stood at Rs 210.3 mn during Q1 FY2018-19, a drop by 20.46 per cent. Incorporated in 2010, Springway Mining primarily focuses on quarrying and mining business.
Contact: India Cements.
Tel: 044-2852 1526.
Website: www.indiacements.co.in