Dalmia Bharat Limited has informed the Exchange regarding a press release dated May 22, 2026, titled "Press Release on Execution of Business Transfer Agreement to acquire 5.2 MnTPA Cement capacity in Central Region from Jaiprakash Associates Ltd (acquired by Adani Group)".
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Dalmia Cement (Bharat) Limited (DCBL), a wholly-owned subsidiary of Dalmia Bharat Limited, has signed a Business Transfer Agreement to acquire 5.2 MnTPA cement and 3.3 MnTPA clinker capacity from Jaiprakash Associates Limited (now under Adani Group's IBC resolution). The assets include plants in Rewa (MP), Churk, Chunar, and Sadwa (UP), plus 99 MW thermal power capacity and railway sidings. The enterprise value is Rs 2,850 crore. This acquisition increases Dalmia's total cement capacity to 54.7 MnTPA, with further expansion planned to 66.7 MnTPA by Q2-Q3 FY28. The deal is expected to close within two weeks and effectively settles all pending disputes between Dalmia and JAL, including a pending arbitral award and earlier framework agreement from December 2022.
This acquisition gives Dalmia Bharat faster access to high-growth Central Indian markets through brownfield assets, strengthening its position as a pan-India player and expanding its capacity footprint significantly without the delays of greenfield development.