Dalmia Cement to acquire Assam-based company, India

Indian cement producer Dalmia Cement is to acquire a 50 per cent stake in Assam-based Calcom Cement India.

Calcom is a joint venture between Vinay Cement (69 per cent stake) and Assam Industrial Development Corp (10.5 per cent) with a 20 per cent share held by DEG and FMO of the Netherlands.  

Calcom operates a 1Mta clinker line and 1.72Mta grinding unit in Assam, northeast India.