Dalmia Cement Bharat Ltd has acquired Meghalaya-based Adhunik Cement for Rs 560 crore.
Adhunik Cement has a robust presence in India’s North-East markets with a near 10 per cent market share and a capacity of 1.5 million tonnes per annum (MTPA).
In January this year, Dalmia Cement had acquired 50 per cent stake in Calcom Cement, Assam for about Rs 238 crore.
Adhunik Cement is a joint venture between Adhunik Group and MSP Group, both based out of Kolkata and sells cement under ‘Adhunik MSP’ brand.
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Friday, September 28, 2012
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