India‘s JSW Group plans to compete aggressively with Adani Group for assets of Holcim AG’s local cement businesses, two sources said on Tuesday, setting the stage for a bidding battle to become the country’s second-biggest player in the industry.
The steel-to-cement JSW Group’s chief Sajjan Jindal told the Financial Times on Tuesday it would make a $7 billion bid for Holcim subsidiaries Ambuja Cements Ltd and ACC Ltd.
