Cement News tagged under: bankruptcy
Deadline for bidding on Binani Cement extended08 January 2018, Published under Cement NewsThe deadline for bidding on Binani Cement, which is currently undergoing the bankruptcy process, has been extended until 15 January 2018, reports DNA India. The Rajasthan-based company has attracted a large number of bids and is taking potential investors to visit its plant in Dubai. The company owes banks approximately INR40bn (US$631m) with the total amount owed to lenders reaching about INR70bn. Although, due to the heightened interest in the company, banks are expecting to achieve ov... |
Binani Cement sale attracts multinationals and local producer interest21 November 2017, Published under Cement NewsBinani Cement has attracted interest of as many as 15 bidders, say senior officials at the comapny, including CRH, Lafarge and Heidelberg Cement as well as local players India Cement, Orient Cement, Ramco Cement, Shree Cement, UltraTech and Piramals. The Bank of Baroda referred the Binani Cement, a subsidiary of Binani Industries, to the National Company Law Tribunal in July after it failed to repay a INR970m (US$14.9m) loan. Bidders for the company will provide a binding bid with a... |
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