HeidelbergCement India Ltd. said its board had approved the sale of its cement grinding facility in Raigad, Maharashtra, to JSW Group, as a going concern on slump sale basis.
The company had been exploring possible ways of improving margins of this grinding unit including the possibility to scale up operations but the same was not feasible due to infrastructural bottlenecks. The company has, therefore ,decided to divest its interest in the unit.
The parties are currently negotiating and finalizing the terms of the Business Transfer Agreement. The transaction will be finalized only after obtaining all relevant approvals including that of shareholders.
At the BSE, HeidelbergCement India shares are currently trading at Rs.46.50, up 2.20 percent from the previous close.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.