Zuari Cement Limited, the joint venture between Ciments Français and Zuari Industries, has entered into an agreement with India Cement for the acquisition of Sri Vishnu Cement Limited. The effective date of the sale is January 2002.

Sri Vishnu Cement, a 1.2-million mt cement plant supplies mainly the Andhra Pradesh and Tamil Nadu markets. With this acquisition, Zuari Cement Limited strengthens its position in South India with a 3-million mt production capacity.