This comes at a time when UltraTech Cement has been looking at expanding its production capacity.
UltraTech Cement, India’s cement producer, has evinced interest in acquiring Kesoram Industries’ cement assets and commenced negotiations to acquire promoters’ stake in the firm.
Kesoram Industries – which has presence in cement, tyres and tubes, heavy chemicals and spun pipes – sells cement under the brand Birla Shakti.
According to the company’s website, it has two cement manufacturing plants – at Sedam, Karnataka (Vasavadatta Cement) and Basantnagar, Telangana (Kesoram Cement). It has a total production capacity of 10.75 million metric tonne.
