Holcim - March 2014
Holcim’s Indian subsidiary ACC has emerged as the favourite to buy the majority stakes in the two cement works at Bhilai and Bokaro from the Jaypee Group that have a combined capacity of just over 4Mta. Both stakes stand at 74 per cent, with Steel Authority of India awning the remaining equity. Last year, Jaypee Group sold a 4.8Mta cement works to UltraTech to reduce debt levels.
