Dalmia Bharat Ltd will acquire the cement assets of Jaiprakash Associates Ltd (JAL) for more than Rs 2,500 crore, sources said, as the Adani Group moves to carve up and integrate key businesses of the infrastructure conglomerate following its acquisition under the insolvency process.
The proposed transaction would give Dalmia Bharat control of JAL’s 5.2 million tonnes per annum (MTPA) cement capacity and 3.3 MTPA clinker capacity, the sources said.
Dalmia Bharat did not immediately respond to requests for comments.
Adani Group had acquired JAL under the Insolvency and Bankruptcy Code (IBC), marking it one of India’s largest multi-asset infrastructure resolutions across power, EPC, logistics-linked land, real estate, hospitality and…