... not in race for L&Ts RMC biz
Written by Corporate Bureau
| Mumbai, Apr 29 | Updated: Apr 30 2008, 05:53am hrs
The AV Birla group companies, Grasim and UltraTech that were reported to be in race to acquire L&Ts RMC business, L&T Concrete on Tuesday denied they have any such plans going forward. Sanjeev Bafna, senior vice-president and deputy CFO of the company, said, We will not acquire L&Ts RMC business and we have no such plans. We plan to grow in RMC organically. It does not make sense for us to acquire the business now.