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Construction : Cement Update | March 2016 | Source : CW-India

Birla Corp seals Rs.4,800 Cr cement deal with Reliance Infra

Reliance Infrastructure has sold its cement subsidiary to Birla Corp for Rs 4,800 crore at a valuation of $140 a tonne. The transaction will boost Birla CorpĀ“s capacity from 10 mtpa to 15.5 mtpa. Reliance Infrastructure had consolidated debt of Rs 25,800 crore at the end of the last financial year and is selling several assets to improve financial health.

CONTACT: Birla Corporation.

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