Cement News tagged under: Reliance Group
Reliance Group to exit cement business?08 October 2015, Published under Cement NewsThe Reliance Group has decided to exit the cement business by putting privately-held Reliance Cements up for sale, the Economic Times of India reports. Reliance Group has recently mandated Morgan Stanley and SBI Caps to find potential buyers as the group has decided to focus on new growth areas like defence, according to the article published today. Reliance's foray into the cement industry was originally linked to the growth of its power business with fly ash generated from its Sasan pow... |
Nepal: Reliance plant gets go-ahead24 November 2014, Published under Cement NewsIndia’s Reliance Group, headed by Anil Ambani, has received clearance to build a cement plant in Nepal. The INR24.8bn (US$401.1m) cement works is expected to be constructed in central or eastern Terai. Reliance currently operates 5.8Mta of installed capacity but plans to lift it to 15Mta in the next three years. In India the company is also building a further 5Mta greenfield plant in Maharashtra and is awaiting environmental clearance for its INR2.5bn works in Kutch, Gujarat. In addition, A... |
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