Dalmia Bharat - Forays Into Central India Through Acquisitions: Motilal Oswal

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Motilal Oswal Report.Dalmia Bharat Ltd. has entered into a binding framework agreement with JP group for the acquisition of clinker, cement, and power plants from Jaiprakash Associates and its associate company. Dalmia Bharat is set to acquire clinker/cement/coal based captive power plants capacity of 6.7 million tonnes per annum/9.4 mtpa/280 mega watt, respectively, at an enterprise value to Rs 56.7 billion (translates into $73/tonne). The management had earlier indicated its aim to reach a grinding capacity of 70-75 mtpa by FY27E. The completion of this acquisition will enable the company to enter into central India with material capacity share of ~10% (on current installed capacities in central India) and one step forward toward becoming a pan-India player. The acquisition is subject to due-diligence, requisite approvals from lenders /joint venture partners of JPA, and regulatory authorities. As such the management has not guided for any timeline for the completion of the transaction. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Dalmia Bharat - Forays Into Central India Through Acquisitions: Motilal Oswal

The company has entered into a binding framework agreement with JP group for the acquisition of clinker, cement, and power plants.

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