JSW buys grinding unit in Maharashtra
For an undisclosed amount, JSW Steel has acquired Heidelberg Cement India's cement grinding facility in Raigad of Maharashtra. The capacity of the facility is 0.6 million tonnes per annum (mtpa). The two companies signed the Business Transfer Agreements for the acquisition on 5 October. The transaction will be concluded only after obtaining all relevant approvals required under the applicable laws. JSW Steel had acquired the company through the erstwhile JSW Ispat Steel, which is now a merged associate firm.