Birla Ambuja interested in buying CCI Cement plants

Birla Ambuja interested in buying CCI Cement plants
Published: 15 September 2005

The government Wednesday said big cement companies owned by the Birla and Ambuja groups have shown interest in buying the non-functional plants belonging to the Cement Corporation of India (CCI).  

"Birla and Ambuja are interested in buying the plants of CCI," Heavy Industry Minister Santosh Mohan Dev said on Wednesday on the sidelines of a seminar for the Chief Executives of PSUs under his ministry.  

Of the 10 CCI plants, seven are non-functional.  

As part of the proposed revival of the company it was suggested that the seven plants be sold and money raised should be used for the modernisation of its remaining three plants.