December 2022 ~ Knowledge world Express

Dalmia Bharat group Acuired Jaypee Group's Cement Asset for 5666 Crore indian rupees.

Jaypee group on monday, 12th Dec, 2022, announced that the bidding agreement had been signed for selling of Cement group to Dalmia Bharat group @ 5666 crore, enterprise value.

The divestment includes cement plants with an aggregate capacity of 9.4 million tonne of cement, clinker capacity of 6.7 million tonne, and 280 MW capacity thermal power plant located at Nigri, Madhya Pradesh.

following plants will be aquired by Dalmia Bharat group in this deal

"These assets are situated in the states of Madhya Pradesh, Uttar Pradesh and Chhattisgarh," said Dalmia Bharat.

1. Jaypee Rewa (MP) - 1.7 MTPA

2. Chunar Cement factory, Churk (UP) - 2.5 MTPA

3. Jaypee Nigri Cement Nigri (M.P.)- 2 MTPA

4. Churk - 1 MTPA

5. Bhilai Jaypee Cement, Chattishgadh - 2.2 MTPA

Total Capacity: 9.4 MTPA

The move would help Dalmia Bharat Ltd increase its manufacturing capacity to 45.3 million tonnes per annum (MTPA) from the existing 35.9 MTPA.

This deal represent a significant step towards realisation of its vision to emerge as a pan-India cement company with a capacity of 75 MnT by FY27 and 110-130 MnT by FY31 by Dalmia Bharat group.