Orient Cement is set to acquire 74 percent in Bhilai Cement from JP Associates. The enterprise value is Rs 1450 crore and it works out to USD 110 a tonne.
Deepak Khetrapal, managing director, Orient Cement says the company has seen good demand in the past few days owing to late rains and there has been a marginal softening of prices- Rs 10 per bag.
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