Last year, the state-owned Punjab National Bank (PNB) put the account of loss-making Burnpur Cement up for sale and invited bids from Asset Reconstruction Companies (ARCs) to recover loans totalling more than Rs 50 crore, , ultratech cement, Burnpur Cement
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UltraTech Cement has acquired the cement grinding assets of Burnpur Cement in Jharkhand for Rs 169.79 crore. The acquisition involves 0.54 million metric tonnes per annum (mtpa) of cement grinding assets located at Patratu in Jharkhand. The deal was executed at a consideration of Rs 169.79 crore.
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