India: Dalmia Bharat's wholly owned subsidiary, Dalmia Cement (Bharat), has signed a Business Transfer Agreement with Jaiprakash Associates and Adani Infra for the acquisition of cement assets with a total capacity of 5.2Mt/yr capacity in central India. Valued at US$297m, the acquisition includes cement plants in Rewa (Madhya Pradesh), Churk, Chunar and Sadwa (Uttar Pradesh), along with 3.3Mt/yr of clinker capacity. The deal also includes 99MW of thermal power capacity and railway siding infrastructure at select locations.
Following the acquisition, Dalmia Bharat's total cement capacity will rise to 54.7Mt/yr. Expansion projects at Belgaum, Kadapa and Pune will further increase capacity to 66.7Mt/yr by the second or third quarter of the 2028 financial year. Dalmia Bharat expects the deal to complete within two weeks.
