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Orient Cement agreed to acquire the Nigrie Cement Grinding unit from Jaiprakash Power Ventures for an Enterprise Value of INR 500 crores. The unit in Singrauli, Madhya Pradesh, has a capacity of 2.0 mtpa.
“Nigrie grinding unit is a very good fit for our expansion and market-diversification strategy.”forpressrelease.com
Summarized from public sources; check the original articles before acting on it.