SJCL is based in South India and produces 3.2 million tonnes a year of cement at a value of INR14,000m (£148m). CRH’s equity interest will amount to approximately €35m (£30m).
With the addition of SJCL, MHIL becomes the market leader in the Andhra Pradesh region of South India.
CRH entered the Indian market in 2008 with the acquisition of a 50% stake in MHIL, a cement business located in Andhra Pradesh. MHIL has an annual cement capacity of 4.8 million tonnes from two plants.