Firm has recently initiated a cement mill project in Ghana for $30 mm.
Lower cement prices pulled profits for ACC and Ambuja.
SP Tulsian says he expects margin improvement for cement maker.
Firm reportedly offering to invest $240 mm for a minority stake.
First three quarters of the fiscal turned in double digit growth.
Move follows slower than expected pickup in homebuilding, construction in India.
Cement maker has reported 81% fall in earnings in the first three months of the year.
Firm has expressed interest to build a cement unit there.
Firm banking on expansion plans to boost earnings.
General downtrend in crude oil prices could reduce input costs there.
Firm says it is now in line with corporate branding of mother unit Italcementi.