Trinetra Cement passes amalgamation with India Cements
Published by Katherine Guenioui,
Editor
World Cement,
India Cements is to bring the operations of subsidiaries Trinetra Cement Ltd and Trishul Concrete Products Ltd under its own banner following a majority vote by Trinetra Cement shareholders at a court-convened meeting last week. With the amalgamation of the companies, India Cements’ production capacity will increase to 15.8 million t of cement.
India Cements has eight integrated cement plants and two grinding plants, located in Tamil Nadu, Andhra Pradesh, Rajasthan and Maharashtra. It holds a 61.22% stake in Trinetra and an 88.4% share in Trishul through its wholly-owned subsidiaries.
Edited from various sources by Katherine Guenioui
Sources:
Read the article online at: https://www.worldcement.com/asia-pacific-rim/30032015/trinetra-cement-passes-amalgamation-with-india-cements-603/
You might also like
Cemex to divest its operations in the Philippines
Cemex has announced that its subsidiary, Cemex Asia B.V., has signed an agreement with DACON Corporation, DMCI Holdings, Inc. and Semirara Mining & Power Corporation for the sale of its operations and assets in the Philippines.
