ICL WORKING ON STRATEGY FOR MERGER WITH RAASI
Article Abstract:
India Cements Ltd (ICL) plans to merge its cement unit, Raasi Cement Ltd (RCL), with itself. The merger will come into effect from April 1, 1998. As ICL holds 90 percent stake in RCL, the merger will not create much of equity dilution. Visaka Cements Limited, which began its operations recently, will be amalgamated with ICL in 1999. ICL will hive off its shipping division into a separate firm. (gs)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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LAFARGE TO HIKE CAPACITY IN ACQUIRED TATA UNITS
Article Abstract:
Lafarge SA of France, a leading cement manufacturer, intends to increase the capacity of its two cement plants, which it recently acquired from the Tata Steel. The capacity of the two units is at 1.8 million tonnes. The French firm had acquired the two plants for of Rs550 crore. The plants are located in Bihar and West Bengal. (gs)
Comment:
Lafarge SA of France, a leading cement manufacturer, intends to increase the capacity of its two cement plants, which it recently acquired from the Tata Steel.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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