Question

Which company planned to acquire the Springway Mining Private Limited?
A.Jaypee Group
B.India Cements Ltd
C. Ramco Cement
D.Tata Power

Answer 1

B. India Cements Ltd.

Answer 2

India Cements Ltd planned to acquire the Springway Mining Private Limited.

Hence the correct answer is B.

The company would buy the Springway Mining Private Limited for Rs 1.82 Billion rupees to set up a mega cement plant in Madhya Pradesh.

Springway Mining deals with mining while India Cements is one of the largest cement manufacturers.