Nirma to acquire Lafarge India cement assets
Q. Nirma Ltd has agreed to acquire cement assets from which company?- Published on 12 Jul 16a. JSW Cement
b. Piramal Enterprises
c. Lafarge India
d. None of the above
ANSWER: Lafarge India
Nirma Limited has agreed to acquire Lafarge India’s cement assets for USD 1.4 billion outdoing Sajjan Jindal’s JSW Cement and Piramal Enterprises.
- Lafarge Holcim, the Swiss building materials group created out of the Lafrge-Holcim merger will sell its India business including three plants and two grinding units.
- Nirma, the Ahmedabad based detergents and chemicals maker has a 2 MTPA cement unit.
- Additional capacity will help it to benefit from expected surge in infrastructure construction as India aims to boost spending on the key sector to about 8.1 percent of GDP by 2021-2022, as per the IMF working paper
