Cement Update

Nine firms line up for Lafarge India BID

May 2016
Lafarge India has received nine non-binding bidders for its 11-million-tonne asset, valued at around Rs 10,000 crore. The French cement giant has put the business on the block after receiving approval from the Competition Commission of India to meet its global merger process with Swiss giant Holcim. The bidders include international strategic players CRH, Heidelberg and China Resources, along with domestic players JSW Infra, Piramal Enterprises and Ramky Infra. There is also a consortium of PE firms Blackstone, Baring Asia and CPPIB, which has submitted a bid.
Contact: Lafarge India.
Tel: 022-6630 6511.
Website: www.lafarge.in