The Ramco Cements Limited (BSE:500260) entered into an agreement to acquire Clinker Grinding Unit at Kharagpur, West Bengal of Ramco Industries Limited for INR 170 million on March 5, 2018. For the period ended 2016-17, Clinker Grinding Unit reported turnover of INR 304.75 million. The transaction has been approved by the Government of West Bengal, Department of Industry Commerce and Enterprises. The transaction is expected to close within 30 days from agreement.

The Ramco Cements Limited (NSEI:RAMCOCEM) cancelled the acquisition of Clinker Grinding Unit at Kharagpur, West Bengal of Ramco Industries Limited (NSEI:RAMCOIND) on March 5, 2019.