Birla Corp acquires cement arm of Reliance Infra
Anil Ambani-led Reliance Infrastructure on Thursday signed an agreement to sell its cement business wing Reliance Cement to Birla Corporation for ₹4,800 crore ($710 million), as part of Reliance Infrastructure's efforts to reduce debt. Reliance Cement currently has three plants in India with total installed capacity 5.6 million tonnes per annum (MTPA).