CCI approves Dalmia Cement’s acquisition

20 Feb 2023 CW Team

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.

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Infrastructure Urban

22 Oct 2025

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Infrastructure Energy

22 Oct 2025

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..