"This is one of the best cement assets in the country and multiple cement companies like Ultratech Cement, Shree Cement, Nirma, Dalmia Bharat, JSW cement and My Home Industries have reached out to the lenders and expressed preliminary interest in Binani Cements. There is a lot of interest in the company and these are early stages. "Binani Cement has export potential due to presence in the Middle East along with substantial mine reserves at the plant location which would result in reduced manufacturing costs and hence make the assets attractive to any serious domestic cement player. We remain interested in opportunities to help us in achieving our vision of 20 MTPA by 2020. "ET NOW is awaiting an email response to its queries from Binani Cement, other potential suitors, Edelweiss & Bank of Baroda.

Source: Economic Times August 07, 2017 12:19 UTC