Birla Corp to acquire cement biz from Lafarge; up 12.5%

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26 Aug, 2025 12:21

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Moneycontrol BureauShares of Birla Corporation surged 12.5 percent intraday Monday as the company is going to acquire Jojobera and Sonadih cement businesses from Lafarge India.The company either directly or through its wholly owned subsidiary, shall acquire both cement businesses for an enterprise values of Rs 5000 crore.The transaction would be funded through existing cash reserve and incremental debt, and is subject to approval of Competition Commission of India and other relevant regulatory approvals, as per BSE release.This acquisition includes integrated cement unit in Sonadih, a cement grinding unit in Jojobera, along with Concreto and PSC brands and a excellent management team. It has cement capacity of approximately 5.15 million tonnes per annum (mtpa), with mineral rights over adequate reserves of limestone.The company has posted a profit of Rs 16.64 crore in Q1FY16 against Rs 99.52 crore in the same quarter last fiscal.At 09:37 hrs Birla Corporation was quoting at Rs 489.90, up Rs 36.95, or 8.16 percent on the BSE.Posted by Rakesh Patil