Tatsat Chronicle Magazine

Dalmia Companies Set To Acquire Cement Business Of The Jaiprakash Group

February 16, 2023

The Competition Commission of India (CCI) approved the proposed combination relating to acquisition of clinker, cement and power plants belonging to Jaiprakash Associates Limited and its associate , by the Dalmia Cement (Bharat) Limited .

The acquiring entity is a wholly owned subsidiary of Dalmia Bharat Limited 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. DBL (directly and through its controlled” entities) is primarily engaged in the segments for manufacture and sale of cement, manufacture and sale of sugar, and provision of refractory services.

The targeted assets are 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 Jaiprakash group has been fighting several bankruptcy cases which resulted from real-estate crash and imprudent investments in the past decade.