UV Asset Reconstruction Company Limited agreed to acquire 25.31% stake in Burnpur Cement Limited (BSE : 532931).

Burnpur Cement Limited is an India-based company, which is engaged in manufacturing of cement. The Company operates Asansol Plant, which is located in West Bengal and Patratu Plant, which is located in Jharkhand. Its Asansol Plant manufactures portland slag cement (PSC) and has a capacity of manufacturing approximately 1000 tons per day (TPD) of cement. Its Patratu Plant manufactures ordinary portlant cement (OPC), portland pozzolona cement (PPC) and portland slag cement. The Company offers its products for various applications, including residential, construction, commercial complexes, construction of flyovers, bridges, dams, culverts, concrete roads and various other concrete applications.