With his audacious $1.4 billion bid to buy a 100 per cent stake in Lafarge India from LafargeHolcim, Karsanbhai Patel, founder chairman of Nirma Ltd, looks set to storm India’s lumbering $29 billion (Rs.2 trillion) cement industry. Once the proposal receives regulatory and shareholder approvals, Nirma will be among the 10 largest cement producers in the country with an installed capacity of 13 million tonnes.
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