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Ambuja Cements buys 60% stake in Dirk India
Cement

Ambuja Cements buys 60% stake in Dirk India

Ambuja Cements Ltd, India鈥檚 third largest cement maker, has acquired a 60 per cent equity stake in fly ash manufacturer Dirk India for Rs 165.1 mn. Dirk and its subsidiary Dirk Pozzocrete would become units of the company after the transaction.

Dirk India is a company incorporated in Maharashtra and is the first processed fly ash manufacturing and marketing company in India with a capacity of 2,500 tonne per day. During the financial year 2010-11, the company generated sales revenue of Rs 55.40 crore and earned earnings before interest, taxes, dep-reciation, and amortisation of Rs 6.8 crore. Dirk India has a subsidiary company Dirk Pozzocrete (MP) which is also in the same field. With this acquisition, Dirk India and Dirk Pozzocrete (MP) have become subsidiaries of Ambuja Cements.

Contact: Ambuja Cements Ltd
Tel: 022-4066 7000.
Fax: 022-4066 7733.
Website: www.gujaratambuja.com

Ambuja Cements Ltd, India鈥檚 third largest cement maker, has acquired a 60 per cent equity stake in fly ash manufacturer Dirk India for Rs 165.1 mn. Dirk and its subsidiary Dirk Pozzocrete would become units of the company after the transaction.Dirk India is a company incorporated in Maharashtra and is the first processed fly ash manufacturing and marketing company in India with a capacity of 2,500 tonne per day. During the financial year 2010-11, the company generated sales revenue of Rs 55.40 crore and earned earnings before interest, taxes, dep-reciation, and amortisation of Rs 6.8 crore. Dirk India has a subsidiary company Dirk Pozzocrete (MP) which is also in the same field. With this acquisition, Dirk India and Dirk Pozzocrete (MP) have become subsidiaries of Ambuja Cements.Contact: Ambuja Cements LtdTel: 022-4066 7000. Fax: 022-4066 7733.Website: www.gujaratambuja.com

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