Dalmia Bharat Subsidiary Wins Bid for Bhilai Jaypee Cement

Key Development

Dalmia Cement (Bharat) Limited (DCBL), a wholly owned material subsidiary of Dalmia Bharat Limited, has been identified as the Successful Resolution Applicant for Bhilai Jaypee Cement Limited (BJCL) under the Corporate Insolvency Resolution Process (CIRP) of the Insolvency and Bankruptcy Code, 2016.

Transaction Details

• Approval Status: Resolution plan approved by the Committee of Creditors of BJCL
• Document Received: Letter of Intent (LOI) received from the Resolution Professional
• Receipt Date: July 28, 2026

Asset Details of Bhilai Jaypee Cement Limited

BJCL owns the following cement production assets:

• 2.2 million tonnes per annum (MnTPA) Grinding Unit located in Bhilai, Chhattisgarh
• 1.1 million tonnes per annum (MnTPA) Clinker Unit located in Babupur, Madhya Pradesh

Conditions and Approvals Required

The transaction remains subject to the following approvals:

• Approval of the resolution plan by the National Company Law Tribunal, Cuttack
• Approval by other regulatory authorities (unspecified)