India’s Murli Industries Ltd Friday said its board has approved the sale of its cement plant in the western Maharashtra state.


The plant began operations in March and has a capacity of 3Mta.


On November 22, Murli Industries, responding to a news report, said it was in preliminary talks with overseas cement companies to sell the plant in Chandrapur.


The Economic Times newspaper reported that Cemex has offered US$550m to acquire the Chandrapur facility.