Birla Corp. buys Reliance Cement
Birla Corporation has completed acquisition of Anil Ambani’s cement business worth Rs 4,800 crore. Reliance Cement Company Pvt.Ltd is now a wholly owned subsidiary of Birla Corporation. “ The economies of scale and synergies would help the company invest in brand, channel manufacturing, product and marketing innovations for creating greater value for all stakeholders. This, apart there is scope of further optimization of the operation of Reliance cement that would yield substantial benefit to the company,” said Harsh.V Lodha , Birla Corp Chairman.
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