July 31, 2014 10:34 PM ET

Construction Materials

Company Overview of ABG Cement Ltd.

Company Overview

ABG Cement Ltd. manufactures and supplies cement in India and internationally. Its products include slag cement, portland pozzolana cement, and ordinary portland cement. The company was founded in 1996 and is based in Mumbai, India. ABG Cement Ltd. operates as a subsidiary of ABG International Private Limited.

Mehta Mahal

5th Floor

15-Mathew Road

Mumbai,  400 004

India

Founded in 1996

Phone:

91 22 6148 9500

Fax:

91 22 6148 9522

Key Executives for ABG Cement Ltd.

Managing Director
Age: 69
Compensation as of Fiscal Year 2014.

ABG Cement Ltd. Key Developments

Birla To Purchase An Incomplete 6.7 Million-Tonne Plant

UltraTech Cement Limited (BSE:532538) is believed to be in talks to purchase an incomplete 6.7 million-tonne plant in Gujarat owned by ABG Cement Ltd.

Simec Reportedly Eyes ABG's Gujarat Unit

Simec is considering to acquire 51% stake in Gujarat unit of ABG Cement Ltd. Enterprise value of the facility is expected to be around INR 35 billion, wo sources suggested. ABG Cement could be getting around INR 5.5 billion cash which may be utilized to infuse funds in the group company, ABG.

UltraTech Reportedly In Talks To Acquire Cement Plant From ABG

UltraTech Cement Limited has stared the talks to acquire an incomplete 6.7-million-tonne cement plant in Gujarat from ABG Cement Ltd., a person with direct knowledge of the development said."Executives of both UltraTech Cement and ABG had three rounds of negotiations," the same person said. Axis Capital is advising UltraTech. "We had some discussions in the past," a senior ABG official said."The company is keen to complete the plant and grow its cement business." UltraTech has offered around INR 46.6 billion at $130 a tonne while ABG is believed to be asking for INR 50.08 billion at $156 a tonne.

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