Dalmia-Jaypee deal: Battle for third spot in cement market intensifies

Shree Cement adding 9 mtpa of capacity in the next 15 months, HM Bangur says; total cement production capacity of company to jump to 56.4 mtpa...

New Delhi-based Dalmia Bharat’s Rs 5,666-crore acquisition of Jaypee Group's cement business this week has put the spotlight on the next wave of consolidation in the sector.
 

The battle for the third spot in the domestic cement market has intensified with the deal.
 

Shree Cement is the country's third-largest player with a total capacity of 47.4 million tonnes per annum (mtpa). Dalmia Bharat currently has an installed capacity of 37 mtpa, which will increase to 46.4 mtpa following closure of the deal, the company said. The Jaypee acquisition would give Dalmia Bharat access to 9.4 mtpa of cement capacity, it