As per PTI news report, Dalmia Bharat Ltd has successfully negotiated the acquisition of Jaiprakash Associates Ltd’s (JAL) cement assets, marking a significant development following the Adani Group’s takeover of JAL under the Insolvency and Bankruptcy Code (IBC).
The deal, valued at over ₹2,500 crore, signifies major consolidation in the cement sector.
Dalmia Bharat is set to gain control of JAL's cement operations, including a capacity of 5.2 million tonnes per annum (MTPA) cement and 3.3 MTPA clinker.
This acquisition comes as a result of the resolution of prior legal disputes and shareholder challenges, allowing Dalmia Bharat to solidify its position in the cement industry.
The deal between Dalmia Bharat, JAL, and the Adani Group involves settling all existing legal and arbitral disputes related to the cement business.
This agreement makes way for smoother integration of JAL's assets into Dalmia Bharat’s operations, ensuring a seamless transition.
The Adani Group's recent acquisition of JAL under the IBC encompasses a wide range of infrastructure assets, including power, logistics, and real estate.
In addition, Adani Ports and Special Economic Zone (APSEZ) has taken over Kanpur Fertilizers and Chemicals Ltd’s parent company JFIL, aiming to strengthen inland logistics by developing new facilities on the acquired land.
Adani Power Ltd has also expanded its energy portfolio by acquiring JAL's power assets. This includes a 24% stake in Jaiprakash Power Ventures Ltd (JPVL) and a 180 MW thermal power plant at Churk.
These strategic moves are part of Adani’s efforts to bolster its capacity and market presence.
As of May 22, 2026, at 10:19 AM, Dalmia Bharat share price on NSE was trading at ₹1,786.30 up by 2.20% from the previous closing price.
The acquisition of JAL's cement, power, and other assets by Dalmia Bharat and Adani Group marks a crucial period of consolidation within India’s infrastructure and cement sector. These strategic transactions are set to significantly influence the market dynamics.
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Published on: May 22, 2026, 12:13 PM IST
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