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Dalmia Bharat inks pact with Piramal Bain Resurgence Fund to bid for Binani: Report

06 Dec 2017 Evaluate

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.

Peers
Company Name CMP
Ultratech Cement 11020.00
Ambuja Cements 374.90
ACC 1213.30
Shree Cement 22155.20
Dalmia Bharat 1651.40
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