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Vicat planning to purchase Bharathi Cement

World Cement,

Vicat, France, is in the advanced stages of buyout discussions with Bharathi Cement, India. The deal is said to be worth approximately US$ 200/t, and with Bharathi currently operating 2.5 million t capacity, would cost around US$ 500 million. Dalmia Cement, India Cement and Matrix Laboratories all have stakes in Bharathi Cement, while Jagan Mohan Reddy, a member of the Parliament of India, owns 69% of the company.

Increasing capacity
Bharathi Cement operates a facility in Nallalingayapalli village in Kadapa and has a long-term plan to set up 5 million t of capacity. This project is to be implemented in two phases – 2.5 million t has been commissioned for the first phase, with an investment of Rs 700 crore Bharathi expects to reach 5 million t in the third quarter of the year, totalling an investment of Rs 1420 crore.

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