Dalmia Cement acquires full control of Bokaro Jaypee Cement

Dalmia Cement (Bharat) Ltd has acquired full control of Bokaro Jaypee Cement Ltd (BoJCL), following the purchase of the 26 per cent stake in the company it did not already own.

BOJCL was initially set up in 2008 up as a 74:26 per cent joint venture between Jaiprakash Associates Ltd (JAL) and the Steel Authority of India’s (SAIL).

In June this year, JAL sold its entire majority shareholding in BoJCL to Dalmia Cement. Shri Rangam Securities & Holdings Ltd, a subsidiary of Dalmia, has now purchased the remaining shares held by SAIL. With this purchase, BoJCL has become a wholly-owned subsidiary of Dalmia Cement (Bharat).

BoJCL operates a 2.1Mta cement plant at Bokaro in the eastern Indian state of Jharkhand.