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Dalmia puts Plan B in action as Jaypee assets battle heats up
Mint Mumbai
|October 25, 2025
Dalmia Bharat is also pitted against Adani Enterprises Ltd, Jindal Power Ltd, and PNC-Infratech Ltd for the assets of Noida-based Jaiprakash Associates
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In August, the Competition Commission of India approved Dalmia Bharat’s plan to buy Jaiprakash Associates through the corporate insolvency resolution process—as it has for the other bidders. The committee of creditors is set to seek details from the bidders on how they intend to finance the acquisition and put the resolution plans to vote in November, Mint reported on 19 October.
Dalmia Bharat's Jaisalmer facility is expected to have a cement-manufacturing capacity of at least 5 million tonnes per annum (mtpa) and cost more than ₹3,600 crore, per industry experts. Puneet Dalmia did not comment on the potential investment for the greenfield plant.
This story is from the October 25, 2025 edition of Mint Mumbai.
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