Dalmia Bharat to acquire 5.2 MnTPA cement capacity for ₹2,850 Cr
Dalmia Bharat's subsidiary has signed a Business Transfer Agreement to acquire 5.2 MnTPA cement capacity and 3.3 MnTPA clinker capacity from Jaiprakash Associates Ltd for ₹2,850 Crore. The deal includes 99 MW thermal power capacity and railway sidings. This acquisition will increase Dalmia Bharat's capacity to 54.7 MnTPA, with further expansion to 66.7 MnTPA by Q2-Q3 FY28.
The acquisition substantially increases the company's cement capacity and strengthens its presence in key markets, indicating a significant positive impact on its business operations and market share.
The acquisition of a significant cement capacity is a strategic move that is expected to enhance the company's market position and financial returns.
Dalmia Cement (Bharat) Limited (“DCBL”), a wholly owned subsidiary of Dalmia Bharat Limited, has executed a Business Transfer Agreement with Jaiprakash Associates Limited (“JAL”) and Adani Infra (India) Limited on May 21, 2026. This agreement is for the acquisition of a Cement Undertaking comprising plants located at Rewa (Madhya Pradesh), Churk, Chunar, and Sadwa (Uttar Pradesh). The acquired capacity includes 5.2 MnTPA cement capacity and 3.3 MnTPA clinker capacity at an Enterprise Value of ₹2,850 Crore. The asset also includes 99 MW of thermal power capacity and railway sidings at Rewa and Chunar, along with a common railway siding at Churk.
With the consummation of this transaction, Dalmia Bharat's cement capacity will increase to 54.7 MnTPA. Further, ongoing expansion projects at Belgaum, Pune, and Kadapa are expected to augment the company's cement capacity to 66.7 MnTPA by Q2-Q3 FY28. The transaction is anticipated to be completed within two weeks.
This acquisition marks a significant milestone in Dalmia Bharat's vision to become a pan-India player and achieve its long-term capacity expansion targets. The acquired assets offer faster access to Central markets, expansion opportunities through debottlenecking and brownfield approaches. The company expects these assets to augment EBITDA delivery and enhance overall returns.
Commenting on the acquisition, Mr. Puneet Dalmia, Managing Director & CEO – Dalmia Bharat Limited, expressed excitement about the strategic fit of these assets. He highlighted that this acquisition will strengthen their position in high-potential markets in Central India and leverage the proximity to Dalmia's captive mines. He is confident that the company's familiarity with these assets from earlier tolling arrangements will enable a faster ramp-up and quicker market penetration, maximizing value creation for all stakeholders.
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Dalmia Bharat Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Dalmia Bharat Limited. Read the original for the full detail.