The Competition Commission of India (CCI) has approved a Rs 5,666 crore deal related to Dalmia Cement’s acquisition of cement, clinker and power plants of Jaiprakash Associates Limited (JAL).
The acquisition will enable New Delhi-headquartered Dalmia Cement to expand its footprint into the central India region and emerge 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 all regulators, would see the complete exit of Jaiprakash Associates from the cement business.
Dalmia Cements is a wholly owned subsidiary of Dalmia Bharat Limited (DBL) which has been in business of the manufacture and sale of cement for over 80 years. DBL is the ultimate parent entity of the Dalmia Bharat Group.
JAL is engaged in the manufacture and sale of clinker in India, manufacture and sale of grey cement primarily in the States of Madhya Pradesh, Uttar Pradesh, Chhattisgarh and (coal-based) thermal power generation primarily for captive consumption purposes in India. The plants that are being sold under this deal are situated at Madhya Pradesh, Uttar Pradesh, and Chhattisgarh.
