Dalmia Bharat Acquires 5.2 MnTPA Cement Capacity from Jaiprakash Associates in Central India

Dalmia Bharat Acquires 5.2 MnTPA Cement Capacity from Jaiprakash Associates in Central India​

Dalmia Cement (Bharat) Limited (DCBL), a subsidiary of Dalmia Bharat Limited, has executed a Business Transfer Agreement to acquire a significant cement undertaking from Jaiprakash Associates Limited (JAL) and Adani Infra (India) Limited. The acquisition provides DCBL with 5.2 MnTPA cement capacity in the Central region.

The Business Transfer Agreement was finalized on May 21, 2026, covering the Cement Undertaking comprised of plants located at Rewa (Madhya Pradesh), Churk, Chunar, and Sadwa (Uttar Pradesh). These assets include a total cement capacity of 5.2 MnTPA and a clinker capacity of 3.3 MnTPA. The total transaction is valued at an Enterprise Value of Rs 2,850 Cr.

In addition to the cement assets, the deal includes 99 MW of thermal power capacity and crucial infrastructure, specifically a railway siding at Rewa and Chunar, alongside a common railway siding at Churk.

Capacity Enhancement and Future Growth​

This acquisition significantly boosts Dalmia Bharat's operational scale. Following the transaction, the company’s total cement capacity will increase to 54.7 MnTPA.

The company has outlined a clear roadmap for future expansion. Ongoing projects at Belgaum, Pune, and Kadapa are expected to further augment the capacity, taking the total cement capacity to 66.7 MnTPA by Q2-Q3 FY28. The transaction is anticipated to be completed within two weeks.

Strategic Importance​

DCBL entered into this fresh Business Transfer Agreement to settle outstanding disputes and differences regarding the ongoing legal proceedings and pending arbitral awards related to the undertaking.

The acquisition is viewed as a major step in Dalmia Bharat Limited’s strategy to become a pan-India player. The assets offer a faster means of accessing the Central markets compared to developing a greenfield project, while also providing opportunities for expansion through both debottlenecking and brownfield approaches.

Commenting on the development, Mr. Puneet Dalmia, Managing Director & CEO of Dalmia Bharat Limited, stated, "I am very excited about the addition of these assets to our portfolio. This serves as a great strategic fit for Dalmia. It helps us move forward in our journey to be a pan India player and provide a strong head start to serve the high potential markets in Central region."

He added that the established presence and familiarity with these assets help the company achieve a faster ramp-up of capacities and quicker market penetration.

Dalmia Bharat Limited, founded in 1939, is a pioneering cement company with a current installed capacity of 49.5 MnT across its subsidiaries. The company operates across 10 states and 15 manufacturing units, ranking it as one of India's largest cement manufacturers by installed capacity.

DALBHARAT Stock Price Movement​

On Thursday, Dalmia Bharat Limited shares edged higher, gaining 2.24% to settle at ₹1747.8. The stock recorded a volume of 293,692 shares, completing the session after trading within a range of ₹1708.6 to ₹1754.1.