Published On:January 31 2023
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UltraTech buys limestone mine in Oman.
UltraTech Cement Middle East Investments, a wholly owned subsidiary of Aditya Birla Group company in UAE, has entered into a share purchase agreement with Seven Seas Company LLC, Oman for acquiring 70 per cent equity shares in Duqm Cement Project International, LLC, Oman for $2.25 million.
Duqm Cement Project International, LLC, which owns limestone mining lease and provides raw material security in the long run, said UltraTech Cement in a statement.
HBL