Dalmia Bharat to acquire Jaiprakash Associates’ cement plants for ₹5,666 crore.

Dalmia Bharat through its wholly-owned subsidiary Dalmia Cenent has entered into a binding framework agreement to acquire the cement, clinker and power plants of Jaiprakash Associates Limited (JAL) for an aggregate enterprise value of ₹5,666 crore.

The agreement covers divestment of the cement, clinker and power plants having aggregate cement capacity of 9.4 mtpa, along with clinker capacity of 6.7 mtpa and thermal power plants of aggregate capacity of 280 MW. 

The acquisition will enable New Delhi-headquartered Dalmia Cement to expand its footprint into the central India region and as a pan-India company with 75 million tonnes capacity by FY27 and 110-130 million tonnes by FY31. More than 50 per cent of Jaypee Group’s cement capacity is located in Central India.

This latest transaction, once approved by regulators, would see the complete exit of Jaiprakash Associates from the cement business.

HBL