Aditya Birla’s flagship company UltraTech Cement has entered advanced talks with HeidelbergCement India to discuss an acquisition. The deal could involve Heidelberg Materials Group’s 69.39% stake in HeidelbergCement India (photo: integrated cement plant), valued at around Rs 3,381 crore based on the January 24 closing price. Heidelberg Materials entered India in 2006 and acquired majority stakes in Mysore, Cochin Cements and with the Indorama Cement joint venture in 2009 it was renamed HeidelbergCement India Ltd, while further increasing its capacity to 6.26 Mta. With subsidiary Zuari, Heidelberg Materials comprises a cement capacity of 12.5 Mta in India.