# Dalmia Bharat set to acquire Kalyanpur Cement

Dalmia Bharat is set to acquire bankrupt Kalyanpur Cement after lenders approved a debt resolution plan that may exceed INR 3.5 billion. The NCLT has not yet approved the acquisition.

- Type: Acquisition
- Announced: 2018-01-30
- Where: Bihar, India
- Value: $54.9M (3.50B INR)
- Status: announced
- Capacity: 1 Mta
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Dalmia Bharat Ltd](https://endata.com/companies/19939.md) (acquirer)
- [Kalyanpur Cement](https://endata.com/companies/29700.md) (target)

## Sources

- [cemnet.com](https://www.cemnet.com/News/story/163338/dalmia-bharat-ready-to-acquire-kalyanpur-cement.html), 2018-01-30: "The debt resolution assumes significance as the company is based out of Bihar, where the state government too has helped through relief and concessions."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.