Dalmia Bharat Enterprises’ subsidiary - Dalmia Cement Bharat has signed definitive agreement for acquisition of Adhunik Cement, for a total consideration of Rs 560 crore. The acquisition and consideration shall be made in multiple tranches, which would be subject to the adjustments and various other terms and conditions set out in the definitive agreements.
Adhunik Cement is a Joint Venture (JV) between Adhunik Group and MSP Group, both based out of Kolkata. The company had invested Rs 700 crore for setting up a cement plant in limestone-rich Jaintia Hills of Meghalaya. The plant has a capacity of producing 1.5 Mn tonne cement annually. It has also set up a 25MW coal-based captive power plant for uninterrupted power supply to its plant.
Dalmia Bharat Enterprise is a cement manufacturer with plants in Tamil Nadu and Andhra Pradesh with a capacity of nine million tonnes per annum. The company is engaged in the business of cement, thermal power & other businesses.
| Company Name | CMP |
|---|---|
| Ultratech Cement | 11887.30 |
| Ambuja Cement | 458.95 |
| ACC | 1431.85 |
| Shree Cement | 25301.95 |
| Dalmia Bharat | 1972.55 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: