Actis, a leading private equity investor in emerging markets, announced its intention to invest US$25m in Dalmia Cement (Bharat) Ltd (DCB), a manufacturer of cement in South India. In addition to DCB’s recent expansion to 3.5Mta cement capacity in Tamil Nadu and the ongoing development of its sugar business in Uttar Pradesh, the company has plans to grow through both acquisition and greenfield development.
"We are seeing enormous progress happening in the infrastructure sector, and also some very interesting developments in the cement business across the country. We are attracted by the strong management and the technical competence of DCB in both cement and sugar.
