Ambuja Cements acquires 60% stake in Dirk India
Ambuja Cements has acquired a 60% equity stake in processed flyash manufacturer Dirk India for a sum of Rs 16.51 crore, according to local reports.
Under the deal, which was announced to the Bombay Stock Exchange (BSE), both Dirk India and its subsidiary company, Dirk Pozzocrete, have turned into arms of Ambuja Cements.
It is thought that Dirk India has a production capacity of 2500 tpd of flyash. During the financial year 2010-11, the company generated sales revenue of Rs 55.40 crore and earned EBITDA of Rs 6.8 crore.
Ambuja Cement has purchased the equity stake from Dirk India’s promoters.
Read the article online at: https://www.worldcement.com/asia-pacific-rim/15092011/ambuja_cements_acquires_60_percent_stake_in_dirk_india/
You might also like
The World Cement Podcast
In this special joint episode of the World Cement Podcast, and Cementing Europe’s future, the podcast of CEMBUREAU, David Bizley and Koen Coppenholle take a deep dive into the Clean Industrial Deal and a discussion of what it means for the European cement industry.
Listen for free today at www.worldcement.com/podcasts or subscribe and review on your favourite podcast app.
Shaping The Future Through Shredding
Gary Moore, UNTHA Shredding Technology GmbH, highlights the global momentum behind alternative fuels and the role of advanced shredding in shaping cement’s low-carbon future.
