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Dalmia Bharat buys out SAIL in Bokaro Jaypee Cement ... India: Dalmia Bharat has acquired the final 26% stake that it did not already own in Bokaro Jaypee Cement from the Steel Authority of India (SAIL), for US150m.

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Jaiprakash Associates (JAL) on Monday said that its board had approved signing an agreement with Dalmia Cement (Bharat) to sell its 74 per cent stake in Bokaro Jaypee Cement for crore.

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Jun 05, 2015· Jaypee Cement's market share in West Bengal is expected to go upto 12% by FY15 20 Jun, 2013, IST. Jaypee Cement, a part of Rs 18,000 crore well diversified infrastructural industrial conglomerate expects to have a 12% marketshare in West Bengal.

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The project is joint venture between Jayprakash Associates Limited and Bokaro Steel. Local residents claimed the group was demanding jobs in the plant, but police and company officials claimed the attack was the handiwork of criminals. Bokaro Jaypee Cement has promised over 5,000 jobs and over 150 local villagers are already working at the site.

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Steel Authority of India Limited (SAIL) signed a shareholder's agreement with Jaypee Associates Limited (JAL) late last evening to form a joint venture company called Bokaro Jaypee Cement Limited (BJCL), for setting up a million tonne capacity cement plant at Bokaro.

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Bokaro Jaypee Cement has become a whollyowned subsidiary of Dalmia. In March 2014 Dalmia acquired Jaypee's 74% holding in the company. Bokaro Jaypee Cement was formed as a 74:26 joint venture project between Jaiprakash Associates and SAIL, for the operation of a /yr capacity grinding plant at Bokaro, Jharkhand.

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