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Century cement biz set to merge with UltraTech

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Newspaper reports indicate that Kumar Mangalam Birla has finally agreed to go ahead with the long-awaited merger of the cement business of Century Textiles with UltraTech. The merger process has started and the deal was likely to be inked in a few months, the reports said. The B K Birla group has its cement business under Century, Kesoram and Mangalam Cement with a collective cement capacity of around 17 million tonne. If Century’s cement assets come to Aditya Birla group, it will surpass Holcim with a wide gap of over five million tonne.

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