Home / Companies / News / Acquisition of JP's cement capacity a good long-term move by Dalmia

Acquisition of JP's cement capacity a good long-term move by Dalmia

After acquisition, Dalmia's capacity mix will include 52 per cent in the east, 26 per cent in the south, 16 per cent in the central region and 6 per cent in the west

Premium

Central India has roughly a demand of 54 MT per annum (MTPA) with low per capita consumption of 170 Kg versus national average of 250 kg

Devangshu Datta

3 min read Last Updated : Dec 13 2022 | 11:42 PM IST

Consolidation in the cement industry continues with Dalmia Bharat buying the cement, clinker and power plants of Jaiprakash Associates (JP) with a cement capacity of 9.4 million tonnes (MT), along with clinker capacity of 6.7 MT and thermal power plants with generation capacity of 280 MW. The plants are situated in Madhya Pradesh, Uttar Pradesh and Chhattisgarh. The transaction is for an enterprise value of Rs 5,666 crore and it was done through the group subsidiary, Dalmia Cement.

While JP views this as a deleveraging exercise, it is part of Dalmia's group strategy of creating a pan-India footprint, with an

Topics : Dalmia Bharat Jaiprakash Associates cement firms Cement sector Cement production cement companies JP Group Jaiprakash Associates Ltd EBITDA

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in