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News Adani Cement and UltraTech Cement may join race to acquire Heidelberg Materials’ Indian business

Adani Cement and UltraTech Cement may join race to acquire Heidelberg Materials’ Indian business

Written by Global Cement staff 05 October 2023
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India: The Hindu newspaper has reported that Adani Cement and UltraTech Cement may submit offers for Heidelberg Materials’ Indian business. This follows the news that parent company Heidelberg Materials has reportedly entered into talks with JSW Cement over the possible sale of the business. It consists of cement plants in Andhra Pradesh, Madhya Pradesh, Karnataka and Telangana, in addition to a cement terminal and four grinding plants across India.

Global Cement reported on 4 October 2023 that Heidelberg Materials’ Indian subsidiary HeidelbergCement India had said it was ‘unaware’ of any discussions between its parent company and JSW Cement.

Last modified on 11 October 2023
Published in Global Cement News
Tagged under
  • India
  • HeidelbergCement India
  • Heidelberg Materials
  • Zuari Cement
  • Andhra Pradesh
  • Madhya Pradesh
  • Karnataka
  • Telangana
  • Terminal
  • Acquisition
  • offer
  • JSW Cement
  • GCW629
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