Irish firm buys 50% in My Home
BS Reporter Mumbai | Value of deal
($/tonne) | | CRH | My Home Industries | 235 |
| Holcim | Ambuja Cements | 200 |
| Cimpor | Shree Digvijay Cements | 162 |
| Heidelberg | Mysore Cement | 117 |
| Grasim | L&T Cement | 80 |
| Italicementi | Shri Vishnu Cement | 80 |
| India Cements | Rasi Cement | 68 |
| Ambuja | Modi Cement | 44 |
Industry analysts said the sale price is higher compared to the prevailing market valuation of $150 a tonne for a cement plant in India. Holcim, the world's largest cement maker, paid $200 a tonne for buying Ambuja Cements in 2005, while Cimpor paid $162 a tonne for Shree Digvijay Cement in 2007.
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| Samba Shiva, director finance and commercial, MHIL, confirmed the sale, but declined to give further details. |
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CRH's business covers the value chain from primary materials including cement, ready mixed concrete, aggregates, lime and asphalt, through manufactured products to distribution. The company had a turnover of
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