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Lafarge India bidders in London for final negotiation

Bids are in the range of Rs 8,000-9,000 crore; however, price not to be sole criterion for selecting winner

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Lafarge India

Abhineet Kumar  |  Mumbai 

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Five bidders who submitted their final bids for Lafarge India's 11-million tonne (mt) cement business have been called to London for last leg of discussion starting Thursday. Foreign bidders including Mexico's Cemex and China's Anhui Conch Cement Company are believed to have bid aggressively to get an entry into the country.

Domestic bidders including the Ajay Piramal Group, Nirma and Sajjan Jindal-led JSW Cement also submitted their bids on Monday. The bids have been submitted in the range of Rs 8,000 crore to Rs 9,000 crore. However, bid price would not be the only ...

First Published: Thu, July 07 2016. 00:45 IST
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