UltraTech Cement acquires Burnpur Cement for over Rs 169 crore
UltraTech Cement has informed that it has acquired the cement grinding assets of Burnpur Cement Ltd in Jharkhand for Rs 169.79 crore.
Aditya Birla Group firm has acquired 0.54 mtpa cement grinding assets of Burnpur Cement Ltd, located at Patratu in Jharkhand. A statement said, the acquisition has been carried out at a consideration of Rs 169.79 crore in terms of the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 read with the Security Interest (Enforcement) Rules, 2002.
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