Dalmia Bharat Share Price in Focus; To Acquire 5.2 MnTPA Cement Capacity From Jaiprakash Associates

Dalmia Bharat Limited announced that its wholly owned subsidiary, Dalmia Cement (Bharat) Limited, has entered into a Business Transfer Agreement to acquire cement assets previously owned by Jaiprakash Associates Limited. 

Dalmia Bharat Signs Agreement for Cement Asset Acquisition

Dalmia Cement (Bharat) Limited executed the Business Transfer Agreement on May 21, 2026, with Jaiprakash Associates Limited and Adani Infra (India) Limited.

The transaction involves the acquisition of cement plants located at Rewa in Madhya Pradesh and Churk, Chunar and Sadwa in Uttar Pradesh.

The acquired assets include 5.2 million tonnes per annum (MnTPA) of cement capacity and 3.3 MnTPA clinker capacity at an enterprise value of ₹2,850 crore.

Additional Infrastructure Included in the Transaction

Apart from cement manufacturing facilities, the transaction also includes 99 MW of thermal power capacity and railway siding infrastructure at Rewa and Chunar.

The company stated that a common railway siding at Churk is also part of the acquisition.

According to Dalmia Bharat, these assets are expected to provide operational advantages and improve logistics efficiency in the central region.

Capacity Expansion Plans

Following the completion of the transaction, Dalmia Bharat’s cement manufacturing capacity will increase to 54.7 MnTPA.

The company also noted that ongoing expansion projects at Belgaum, Pune and Kadapa are expected to increase total cement capacity further to 66.7 MnTPA by the second or third quarter of FY28.

The acquisition is expected to be completed within two weeks, subject to the agreed terms.

Background of the Transaction

Dalmia Cement had previously entered into agreements with Jaiprakash Associates in December 2022 regarding the transfer of business assets and settlement of disputes linked to clinker supply arrangements.

However, the transaction could not be completed after Jaiprakash Associates entered insolvency proceedings under the Insolvency and Bankruptcy Code (IBC).

Following the approval of the Adani Group’s resolution plan for Jaiprakash Associates, Dalmia Bharat executed a fresh Business Transfer Agreement to settle pending disputes and proceed with the acquisition.

Management Commentary

Puneet Dalmia, Managing Director and CEO of Dalmia Bharat, stated that the acquisition aligns with the company’s strategy of expanding its footprint across India.

He added that the acquired assets are expected to provide access to central markets and create future expansion opportunities through debottlenecking and brownfield development.

Dalmia Bharat Share Price Performance

Shares of Dalmia Bharat Limited traded at ₹1,800.70 on the NSE, up ₹52.90 or 3.03% from the previous close of ₹1,747.80.

Read More: Adani Enterprises Shares Rise Nearly 1% After Implementing Jaiprakash Associates Resolution Plan.

Conclusion

Dalmia Bharat has signed an agreement to acquire cement assets with 5.2 MnTPA capacity from Jaiprakash Associates’ business under the Adani Group-led resolution process. The acquisition is expected to strengthen the company’s presence in central India and support its ongoing capacity expansion plans.

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