Units of Cement Corporation of India on Sale

New Delhi, September 01, 2013: The last date for Expression of Interest (EOI) in the sale of the 4 Units of Cement Corporation of India (CCI) is 2^nd September 2013. These 4 Units are the non-operating Units situated at: Mandhar, Akaltara, Nayagaon and Kurkunta. CCI has put these Units on an outright sale and has invited EOI at the global level. SBI Capital Markets Ltd. have been appointed the Merchant Bankers for this purpose.

These Units are intended to be sold on “as is where is” basis, without any existing liability and with no restriction on post-sale use, etc.  These Units are having mineral reserve which are sufficient for useful life of the plants for manufacturing of cement and are also having basic infrastructure, colony and land etc. in prime location. It will be a boon for existing cement manufacturers to enhance their production capacity by purchasing these Units, which have very rich deposits of best quality limestone.  The locational advantage of these Units will also attract real estate and other investors to sell land for industrial/ commercial/ residential purposes. — CCI Newswire