Dalmia Bharat soars as its arm inks business transfer pact with Jaiprakash Associates
Dalmia Bharat is currently trading at Rs. 1794.40, up by 47.60 points or 2.72% from its previous closing of Rs. 1746.80 on the BSE.
The scrip opened at Rs. 1792.25 and has touched a high and low of Rs. 1806.00 and Rs. 1768.00 respectively. So far 17298 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2495.95 on 17-Sep-2025 and a 52 week low of Rs. 1675.45 on 18-May-2026.
Last one week high and low of the scrip stood at Rs. 2,005.25 and Rs. 1,675.45 respectively. The current market cap of the company is Rs. 33569.62 crore.
The promoters holding in the company stood at 55.84%, while Institutions and Non-Institutions held 27.52% and 16.63% respectively.
Dalmia Bharat’s wholly owned subsidiary -- Dalmia Cement (Bharat) (DCBL) has executed a business transfer agreement with Jaiprakash Associates (JAL) (which has been acquired by Adani Group under the Insolvency & Bankruptcy Code ‘IBC’) and Adani Infra (India) on May 21, 2026 for acquisition of Cement Undertaking comprising of plants located at Rewa (Madhya Pradesh), Churk, Chunar and Sadwa (Uttar Pradesh) with 5.2 MnTPA cement capacity and 3.3 MnTPA clinker capacity at an Enterprise Value of Rs 2,850 crore. The asset also entails 99 MW of thermal power capacity and railway siding at Rewa and Chunar, along with a common railway siding at Churk.
With the consummation of the transaction, the company’s cement capacity will increase to 54.7 MnTPA. In addition to this, the ongoing expansion projects at Belgaum, Pune and Kadapa will further augment the company’s cement capacity to 66.7 MnTPA by Q2 or Q3 FY28. The transaction is expected to be consummated within two weeks.
