Global investment bank Goldman Sachs may buy a strategic stake in the Hyderabad-based Pennar Cements. Pennar Cements has a cement capacity of 4.4 mn tonnes and has been valued at Rs. 2000 crores. Goldman Sachs is reportedly eyeing a stake in Pennar Cements due to the potential of the sector which is poised for explosive growth in the next 3-5 years. Established in 1994, Pennar Cements has two plants with a capacity of 1.7 mn tonnes each. The company also has a 1 mn tonne plant at Nalgonda to primarily cater to demand in the south and south-eastern parts of the country.
Read the Hindustan Times article.
Showing posts with label Pennar Cements. Show all posts
Showing posts with label Pennar Cements. Show all posts
Friday, March 9, 2007
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