Dalmia Bharat puts Plan B in action as battle for Jaypee assets heats up

Dalmia Bharat Ltd has initiated the process of buying land in Rajasthan's Jaisalmer for a new plant, even as it pursues the acquisition of Jaiprakash Associates Ltd's cement assets, according to managing director and chief executive Puneet Dalmia.

- Abhishek Law

India's fourth-largest cement producer is also proceeding with obtaining environment clearance (EC) and other regulatory permissions for the Jaisalmer plant, Dalmia said, reiterating that the project remains an alternative pursuit in case the bid for the bankrupt Jaiprakash Associates does not fructify.