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India Cements to acquire Springway Mining
2018-12-01
In order to establish a cement plant in Madhya Pradesh, India Cements will reportedly acquire Springway Mining for an amount of Rs 1.82 bn. The company has entered into a share purchase agreement for the deal. India Cements' net profit stood at Rs 210.3 mn during Q1 FY2018-19, a drop by 20.46 per cent. Incorporated in 2010, Springway Mining primarily focuses on quarrying and mining business.
<p></p>
<p>Contact: India Cements.</p>
<p>Tel: 044-2852 1526.</p>
<p>Website: www.indiacements.co.in</p>
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