Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Dalmia Bharat Ltd. ( (IN:DALBHARAT) ) just unveiled an announcement.
Dalmia Cement (Bharat) Limited, a wholly owned subsidiary of Dalmia Bharat Limited, has signed a Business Transfer Agreement to acquire multiple cement assets from Jaiprakash Associates Limited and Adani Infra (India) Ltd. The acquired portfolio includes integrated, grinding and blending units in Madhya Pradesh and Uttar Pradesh, along with associated thermal power capacity and railway sidings.
The transaction, valued at Rs 2,850 crore, covers 5.2 million tonnes per annum of cement capacity, 3.3 million tonnes per annum of clinker capacity, and 99 MW of thermal power assets. Upon completion, expected within about two weeks, Dalmia Bharat’s total cement capacity will rise to 54.7 million tonnes per annum, reinforcing its scale, operational reach and infrastructure integration in north and central India.
More about Dalmia Bharat Ltd.
Dalmia Bharat Limited, through its wholly owned subsidiary Dalmia Cement (Bharat) Limited, operates in India’s cement industry, producing cement and clinker alongside captive thermal power generation. The company focuses on expanding its manufacturing footprint across key markets such as Madhya Pradesh and Uttar Pradesh to strengthen its regional presence and overall capacity.
Average Trading Volume: 27,844
Technical Sentiment Signal: Sell
Current Market Cap: 320.1B INR
See more data about DALBHARAT stock on TipRanks’ Stock Analysis page.