Construction Industry News
Dalmia's acquisition of Jaiprakash Associates Limited's cement, clinker and energy facilities Cement has received approval from the Competition Commission of India (CCI) for an amount of 56,660 million deal (JAL).
The acquisition will allow Dalmia Cement, which is headquartered in New Delhi, to expand its headquarters. presence in central India and becomes a pan-Indian company with a capacity of 75 million tons with FY27 and 110-130 million tons with FY31. Central India is home to over 50% of Jaypee The Group's cement production capacity.
Once all regulatory authorities have approved this latest transaction, jaiprakash associates will completely abandon the cement industry.
A wholly 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 led by DBL.
JAL produces and sells clinker in India, makes and sells grey cement mainly in the States of Madhya Pradesh, Uttar Pradesh and Chhattisgarh, and generates (coal-based) thermal energy in India mainly for internal use. The factories sold under this agreement are located in Uttar Pradesh, Chhattisgarh and Madhya Pradesh.
A legally binding framework agreement was signed in December last year by Dalmia Bharat and Dalmia Cement buys the companies for an estimated total enterprise value of 56,660 million. The The scheme included 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 leave the cement sector completely, to repay the loans of the lenders with the money, and focus on the other primary areas of work.
The company has already divested its various cement and power plants to other top industrial groups in to achieve his goal of reducing his debt.
JAL and Jaiprakash Power Ventures first made plans to sell their non-core assets and cement company in October last year to pay off debts.
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