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News JK Cement board approves acquisition of Toshali Cements

JK Cement board approves acquisition of Toshali Cements

Written by Global Cement staff 06 June 2023
  • Print

India: JK Cement has secured in-principle approval from its board of directors to enter into a share purchase agreement for 100% of shares in Toshali Cements. The Economic Times has reported the value of the agreement as US$19m.

Toshali Cements operates the 200,000t/yr Ampavalli cement plant in Odisha and the 435,000t/yr Choudwar grinding plant, also in Odisha. JK Cement said that its acquisition of Toshali Cements will help the group to expand into Eastern India.

Last modified on 07 June 2023
Published in Global Cement News
Tagged under
  • India
  • JK Cement
  • Toshali Cements
  • Acquisition
  • GCW611
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