Dalmia Bharat has acquired cement assets of Jaiprakash Associates (JAL) from the Adani Group-led insolvency process in a deal worth ₹2,850 crore, marking a fresh consolidation move in India’s cement sector.
The acquisition has been executed through Dalmia Cement (Bharat), a wholly owned subsidiary of Dalmia Bharat. The deal includes cement plants located in Rewa (Madhya Pradesh) and Churk, Chunar and Sadwa (Uttar Pradesh).
According to the company and regulatory updates, the transaction adds around 5.2 million tonnes per annum (MTPA) of cement capacity and strengthens Dalmia Bharat’s presence in central India, one of its key growth markets.
The package also includes 3.3 MTPA of clinker capacity, along with supporting infrastructure such as a 99 MW thermal power plant and railway sidings used for transportation and logistics. These assets are expected to improve operational efficiency and supply chain connectivity.
The deal has been carried out as part of the insolvency resolution process of Jaiprakash Associates, whose assets were taken over by the Adani Group under the Insolvency and Bankruptcy Code framework. Dalmia Bharat was among the bidders in the resolution process and has now successfully concluded the acquisition after regulatory clearances.
This acquisition will help Dalmia Bharat expand production capacity by nearly 10% and improve its competitive position in the fast-growing cement market. The company has been steadily increasing its footprint through acquisitions to strengthen its presence across key regions.
The transaction is also seen as part of broader consolidation in the cement industry, where major players are acquiring stressed assets to scale up capacity and reduce regional imbalances in production.
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