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October 2019

Devki largest cement producer after ARM takeover

Steel magnate Narendra Raval, through his Devki group, officially took over cash-strapped Athi River Mining Cement (ARM) after a gruelling legal battle. The acquisition will propel Mr Raval to be a top cement producer in the region when the production capacities of National Cement, owned by his Devki Group, and ARM are combined. The transfer…Read More→