Anjani Portland Cement, part of the Chettinad Group, is acquiring a majority stake in Bhavya Cements, which has around 1.4 million tpa of cement-making capacity and annual revenue of more than Rs 300 crore. Established in 2007, Bhavya Cements is into manufacturing of ordinary Portland cement for railway sleepers, Portland Pozzolana cement, sulphate resisting Portland cement and Portland blast furnace slag cement for use in coastal areas. Chettinad Cement had acquired 75 per cent stake in Anjani Portland in March 2014, from its erstwhile promoters and through an open offer to the public.