Moneycontrol
Feb 02, 2016 10:33 PM IST | Source: CNBC-TV18

Birla Corp to take legal action against Lafarge India

In August 2015, Birla Corp had said it will acquire two cement units from Lafarge India having a capacity of 5.15 million tonnes per annum.

The country's largest cement maker, Birla Corp on Tuesday said that the company will take legal action against Lafarge India on its decision to call off a deal with Birla to buy two of Lafarge's cement plants in the country.

In August 2015, Birla Corp had said it will acquire two cement units from Lafarge India having a capacity of 5.15 million tonnes per annum. 

The acquisition comprising of an integrated cement unit at Sonadih (Chhatisgarh) and a cement grinding unit at Jojobera (Jharkhand), was expected to be at an enterprise value of Rs 5,000 crore.

Birla Corp to take legal action against Lafarge India


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