Dalmia Bharat in the process of signing lease for cement unit in Madhya Pradesh

Dalmia Bharat in the process of signing lease for cement unit in Madhya Pradesh

DCBL has the option to buy the cement unit for an enterprise value of Rs 250 crore, as per the agreement.

FPJ Web DeskUpdated: Wednesday, April 26, 2023, 08:58 PM IST
article-image
Image: Dalmia Bharat Ltd (Representative)

According to an exchange filing, Dalmia Cement Bharat Limited is in the process of signing a long term lease with Jaiprakash Power for its Nigrie Cement Grinding plant in Madhya Pradesh.

Anytime during the lease period, DCBL will be able to buy the cement unit for an enterprise value of Rs 250 crore, as per the agreement.

(To receive our E-paper on WhatsApp daily, please click here.  To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Bengaluru-based virtual platform Airmeet lays off 30% of workforce: Report

Bengaluru-based virtual platform Airmeet lays off 30% of workforce: Report

Maruti Suzuki expects production loss in Q1; anticipates some relief in Q2

Maruti Suzuki expects production loss in Q1; anticipates some relief in Q2

Ahead of share market: Top events to impact trading next week

Ahead of share market: Top events to impact trading next week

JPMorgan Chase to layoff 500 employees: Report

JPMorgan Chase to layoff 500 employees: Report

Aurobindo Pharma to transfer shares in subsidiary to Curateq Biologics

Aurobindo Pharma to transfer shares in subsidiary to Curateq Biologics