CCI clears JSW Steel acquisition of Heidelberg plant

The Competition Commission of India (CCI) has approved the acquisition of HeidelbergCement India's grinding facility at Raigad, Maharashtra, by JSW Steel.

JSW Steel announced back in October its intention of acquiring the 0.6Mta grinding works.

"Considering the facts on record and the details provided in the notice (under relevant Section of the Competition Act) ...the Commission is of the opinion that the proposed combination is not likely to have appreciable adverse effect on competition in India and therefore, the Commission hereby approves the proposed combination," CCI said in its order dated December 12.