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.