Dalmia Bharat Cement has reportedly joined hands with the Piramal Bain Resurgence Fund to bid for debt-laden Binani Cement. Both the entities are likely to bid for Binani’s 6.25-million-tonnes-per-year plants in Rajasthan, with the National Company Law Tribunal (NCLT) seeking to resolve the debt issue at Binani.
Dalmia Bharat is an India-based holding company. The company operates as a cement manufacturing company.