Heidelberg cement India Share Rises: Adani Group has started talks to buy the Indian cement business of Germany's Heidelberg Materials. The purchase of Heidelberg's Indian unit will be done by Adani Group company Ambuja Cements and its value could be around $1.2 billion (Rs 10,000 crore). Amid this report, the stock of Heidelberg Cement India, which is listed on the BSE, has risen sharply. After opening at Rs 238.70 against Rs 218.60 on the BSE, the company's stock is at Rs 247.35 at around 10:30 am, with a gain of Rs 28.75 or 13.15 percent.

Who is handling the conversation?

According to the ET report, a senior official from Heidelberg headquarters is handling the negotiations with the Adani Group. However, both the groups will have to agree on the possible issue of production capacity, while Heidelberg claims it has a capacity of around 14 million tonnes (as per the website), it may be less and hence impact the valuation.

Times Now Navbharat does not confirm this news.

What is the market capital?

Heidelberg Cement India's stock is also listed on the NSE. Its market capital is around Rs 5,560 crore. HeidelbergCement, AG entered India in 2006. After restructuring and expansion in its central India plants, its installed capacity increased from 2.3 million tonnes to 5.5 million tonnes.

After acquiring Italcementi in 2016, the group has more than doubled its presence in India.

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