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UltraTech to incorporate Binani Cement as subsidiary

Updated : November 21, 2018 09:46 PM IST

The National Company Law Appellate Tribunal (NCLAT) last week had approved the revised bid of Aditya Birla group firm UltratTech Cement for debt-ridden Binani Cement.
UltraTech has acquired BCL's plants totalling 6.25 MTPA (million tonne per annum) in Rajasthan, inclusive of an integrated cement unit and a split grinding unit at a value of Rs 8,024 crore.
UltraTech to incorporate Binani Cement as subsidiary

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