JSW emerges as highest bidder for Binani Cement

JSW Group has emerged as the highest bidder for Binani Cement, according to reports,

Report says that JSW’s bid is worth about INR 5,900 crore.

Earlier reports says that UltraTech, Heidelberg, JSW Group, Dalmia Bharat and Ramco Cements besides Jhunjhunwala had made proposals to acquire assets of debt ridden company.

JSW Group is a part of O.P. Jindal Group and played a key role in India’s growth story. Ranked among India’s top business houses, JSW’s innovative and sustainable forays into the core sectors of Steel, Energy, Cement and Infrastructure are helping build a new nation. The Group continues to strive for excellence with its strengths, differentiated product mix, state-of-the-art technology, excellence in execution and focus on sustainability.

Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.