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The other unit has clinker capacity of 3.1 mtpa with cement grinding capacity of 2.3 mtpa at Sidhi in the same state. The deal would also involve transfer of 25 MW power capacity at Bela and 155 MW capacity at Sidhi. It would augment its capacity at Satna cluster, one of the major cement manufacturing regions of the country.

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Shree Cement managing director H M Bangur said that the two groups have merely entered into an agreement to buy out the Panipat unit and not take over the company. Later on April 27 this year, Shree Cements informed BSE that it has completed the acquisition for Rs 358.22 crore. Jaypee Cement is the country's third largest manufacturer of ...

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