CRH eyes up four plants in India

CRH is understood to have held exploratory talks with one of India’s largest cement producers over the possible acquisition of four cement plants.

The Dublin-headquartered building materials giant was not commenting on the matter yesterday beyond its usual line that it doesn’t comment on market speculation. However, it is understood the talks held have been very early stage.

Analyst commentary based on media reports coming out of India suggested CRH was in “advanced discussions” with India’s third largest cement producer, Jaiprakash Associates — which is owned by industrial conglomerate Jaypee Group — over the potential purchase of four cement plants in the country; adding that the deal could amount to a combined spend of over €1bn.