JSW Steel, a leading industry player, has completed the acquisition of Heidelberg Cement India’s cement grinding facility situated at Raigad in state of Maharashtra. The cement grinding facility has been transferred to the company with effect from the end of business hours on January 03, 2014.
Last year in October, the company had entered into a business transfer agreement with Heidelberg Cement India for acquisition of its cement grinding facility as a going concern on a slump sale basis. Subsequently, the approval of the Competition Commission of India was sought in relation to the proposed acquisition and the Commission consented to the acquisition vide its order dated December 12, 2013.
JSW Steel is part of the JSW group which, in turn, is a part of the O P Jindal group. JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.
Last year in October, the company had entered into a business transfer agreement with Heidelberg Cement India for acquisition of its cement grinding facility as a going concern on a slump sale basis. Subsequently, the approval of the Competition Commission of India was sought in relation to the proposed acquisition and the Commission consented to the acquisition vide its order dated December 12, 2013.
JSW Steel is part of the JSW group which, in turn, is a part of the O P Jindal group. JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.
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