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Dalmia Bharat unit to buy Jaiprakash cement, power assets for $687 million – EQ Mag

BENGALURU : Indian conglomerate Dalmia Bharat’s unit will acquire the cement and power businesses of Jaiprakash Associates Ltd for 56.66 billion rupees ($686.70 million), including debt, as it looks to expand its footprint into the country’s central region. The deal includes cement capacity of 9.4 million tonnes per annum (mtpa) situated in the states of […]

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