Dalmia Cement (Bharat) faces a potential stumbling block to its planned acquisition of Jaiprakash Associates’ cement business for US$683m due to an on-going shareholder dispute at subsidiary Jaypee Bhilai Cement. The Economic Times newspaper has reported that a court has frozen Jaiprakash Associates’ 74% shareholding in the company, and ordered it not to create new
Dalmia Cement, India’s fourth-largest cement manufacturer, is based in New Delhi and operates cement plants and separate cement grinding plants across India. Large cement manufacturers with multiple production sites often work with different grinding systems, as it’s only through experience that real comparisons can be made. Although Dalmia Cement had previously used Pfeiffer MPS vertical