JSW among bidders for Reliance Infra assets
The deal offers cement companies such as JSW Cement and J.K. Lakshmi the opportunity to increase capacity swiftly. It is also one of the last large cement capacities up for sale. While JSW has an installed capacity of 6 mn t, J.K. Lakshmi Cement has 8.4 mn t. Reliance Infrastructure holds its cement assets under Reliance Cement.
JSW Cement, J.K. Lakshmi Cement and a few private equity firms are among the seven shortlisted bidders, the official cited above said, requesting anonymity.