Acquisitions28 Jul 2026, 05:30 pm
Dalmia Bharat Subsidiary Gets LOI for Bhilai Jaypee Cement Acquisition
AI Summary
Dalmia Cement (Bharat) Limited, a wholly owned subsidiary of Dalmia Bharat Ltd, has received a Letter of Intent (LOI) from the Resolution Professional for Bhilai Jaypee Cement Limited (BJCL). This follows the approval of Dalmia Cement's resolution plan by BJCL's Committee of Creditors under the Corporate Insolvency Resolution Process. BJCL operates a 2.2 MnTPA Grinding Unit in Bhilai and a 1.1 Mn TPA Clinker Unit in Babupur. The transaction is pending approval from the National Company Law Tribunal, Cuttack, and other regulatory bodies.
Key Highlights
- Dalmia Bharat subsidiary receives LOI for BJCL acquisition.
- Resolution plan approved by BJCL's Committee of Creditors.
- BJCL has grinding and clinker units in Chhattisgarh and MP.
- Transaction subject to NCLT and regulatory approvals.
Price Impact
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