+
CCI approves Dalmia Cement’s acquisition
Cement

CCI approves Dalmia Cement’s acquisition

The acquisition of Jaiprakash Associates Limited's cement, clinker, and power facilities by Dalmia Cement has received approval from the Competition Commission of India (CCI) for a 56,660 million deal (JAL).

The acquisition will allow Dalmia Cement, which has its headquarters in New Delhi, to increase its presence in central India and become a pan-Indian corporation with a capacity of 75 million tonnes by FY27 and 110–130 million tonnes by FY31. Central India is home to more than 50% of Jaypee Group's cement production capacity.

Once all regulatory bodies have given their approval to this latest transaction, Jaiprakash Associates will completely leave the cement industry.

A fully owned subsidiary of Dalmia Bharat Limited (DBL), which has been in the cement manufacturing and distribution industry for more than 80 years, is Dalmia Cements. The Dalmia Bharat Group is ultimately headed by DBL.

JAL produces and sells clinker in India, makes and sells grey cement mostly in the States of Madhya Pradesh, Uttar Pradesh, and Chhattisgarh, and generates (coal-based) thermal power in India mainly for captive use. The plants being sold under this agreement are located in Uttar Pradesh, Chhattisgarh, and Madhya Pradesh.

A legally binding framework agreement was signed in December of last year by Dalmia Bharat and Dalmia Cement to buy the firms for an estimated total enterprise value of 56,660 million. The arrangement involved the sale of cement, clinker, and power plants with a combined capacity of 9.4 mtpa for cement, 6.7 mtpa for clinker, and 280 MW for thermal power plants.

JAL had made the decision to totally abandon the cement sector, repay the lenders' loans with the money, and focus on its other primary areas of operation.

REDUCING DEBT

JAL had been making efforts in the previous ten years to pay down its debt, repay lenders, and fulfil its obligations in a proactive manner. In 2014 and 2017, it sold over 20 mtpa of cement production capacity in UltraTech Cement Limited's favour, and in 2015, it sold the controlling interest in more over 2 mtpa of cement production to Dalmia Group.

The Firm has already divested its different cement and power plants to other top industrial groups in order to achieve its goal to lower its debt.

JAL and Jaiprakash Power Ventures first made intentions to sell off its non-core assets and cement company in October of last year in order to pay off debt.

The acquisition of Jaiprakash Associates Limited's cement, clinker, and power facilities by Dalmia Cement has received approval from the Competition Commission of India (CCI) for a 56,660 million deal (JAL). The acquisition will allow Dalmia Cement, which has its headquarters in New Delhi, to increase its presence in central India and become a pan-Indian corporation with a capacity of 75 million tonnes by FY27 and 110–130 million tonnes by FY31. Central India is home to more than 50% of Jaypee Group's cement production capacity. Once all regulatory bodies have given their approval to this latest transaction, Jaiprakash Associates will completely leave the cement industry. A fully owned subsidiary of Dalmia Bharat Limited (DBL), which has been in the cement manufacturing and distribution industry for more than 80 years, is Dalmia Cements. The Dalmia Bharat Group is ultimately headed by DBL. JAL produces and sells clinker in India, makes and sells grey cement mostly in the States of Madhya Pradesh, Uttar Pradesh, and Chhattisgarh, and generates (coal-based) thermal power in India mainly for captive use. The plants being sold under this agreement are located in Uttar Pradesh, Chhattisgarh, and Madhya Pradesh. A legally binding framework agreement was signed in December of last year by Dalmia Bharat and Dalmia Cement to buy the firms for an estimated total enterprise value of 56,660 million. The arrangement involved the sale of cement, clinker, and power plants with a combined capacity of 9.4 mtpa for cement, 6.7 mtpa for clinker, and 280 MW for thermal power plants. JAL had made the decision to totally abandon the cement sector, repay the lenders' loans with the money, and focus on its other primary areas of operation. REDUCING DEBT JAL had been making efforts in the previous ten years to pay down its debt, repay lenders, and fulfil its obligations in a proactive manner. In 2014 and 2017, it sold over 20 mtpa of cement production capacity in UltraTech Cement Limited's favour, and in 2015, it sold the controlling interest in more over 2 mtpa of cement production to Dalmia Group. The Firm has already divested its different cement and power plants to other top industrial groups in order to achieve its goal to lower its debt. JAL and Jaiprakash Power Ventures first made intentions to sell off its non-core assets and cement company in October of last year in order to pay off debt.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code