Birla Corporation $710 million acquisition of Reliance Cement

Overview:

• Birla Corporation has acquired Reliance Cement Company from the existing shareholder, Reliance Infrastructure, for $710 million.
• RCC has a total operating capacity of approximately 5.5 million tons of cement per annum and has an integrated unit in Madhya Pradesh, as well as grinding units at Maharashtra and Uttar Pradesh. 
• Birla, which already has plants in Madhya Pradesh, Uttar Pradesh and West Bengal, will significantly strengthen its presence in central India following the transaction.

Katrin Kostadinova - Data analyst