# JSW Cement evaluates acquisition of promoter stake in Orient Cement

JSW Cement is evaluating the acquisition of the promoter stake in Orient Cement Ltd from CK Birla, entering a race with Aditya Birla and Adani groups. Orient Cement has an 8.5 million tons per annum capacity.

- Type: Acquisition
- Announced: 2024-07-31
- Where: India
- Value: $546.0M (45.5B INR)
- Status: rumored
- Capacity: 8.5 million tons per annum
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [JSW Cement](https://endata.com/companies/15683.md) (acquirer)
- [CK Birla Group](https://endata.com/companies/21712.md) (partner)
- [CK Birla Group](https://endata.com/companies/21712.md) (target)
- [Orient Cement](https://endata.com/companies/24597.md) (target)

## Sources

- [business-standard.com](https://www.business-standard.com/companies/news/jsw-cement-enters-race-to-acquire-promoter-stake-in-orient-cement-124073100815_1.html), 2024-07-31: "JSW Cement is evaluating the acquisition of the promoter stake in Orient Cement Ltd (OCL) from CK Birla, according to a report by The Economic Times."
- [mnacritique.mergersindia.com](https://mnacritique.mergersindia.com/news/jsw-joins-the-race-to-buy-ck-birlas-flagship-orient-cement/), 2024-07-31: "Jindal's attempt to throw a hat in the ring for OCL's 8.5 million tonnes per annum capacity will see the entry of a third contender in the race."
- [constructionxperts.co.in](https://constructionxperts.co.in/jsw-cement-evaluates-acquisition-of-promoter-stake-in-orient-cement-ltd/), 2024-08-01: "JSW Cement has begun evaluating the acquisition of the promoter stake in Orient Cement Ltd (OCL) from CK Birla, according to sources familiar with the development."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.