Birla Corp Acquires cement arm of Reliance Infra

Anil Ambani-led Reliance Infrastructure inked a concord to sell its cement business wing Reliance Cement to Birla Corporation for Rs. 4,800 crore.

• The decision in this regard has been taken as the part of the Reliance Infrastructure’s efforts to reduce its debt.

Reliance Cement currently has 3 plants in India with total installed capacity 5.6 million tonnes per annum (MTPA).