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Dalmia Bharat to acquire JAL cement assets from Adani

PRIVATEMay 22, 2026

Acquiring Company

Dalmia Bharat Refractories Limited

Acquired Company

Adani Group

New DelhiIndiaManufacturingConstructionBuilding MaintenanceBuilding MaterialCivil EngineeringEnergyMining

Description

Dalmia Bharat has announced its intention to purchase the JAL cement assets from Adani Group for ₹2,850 crore. This acquisition is expected to strengthen Dalmia Bharat's position in the cement market, enhancing its ability to meet growing demand. The deal reflects Dalmia Bharat's commitment to expanding its operational footprint.

Company Information

Company

Dalmia Bharat Refractories Limited

Location

New Delhi, Delhi, India

About

Dalmia Bharat Refractories Limited is a prominent manufacturer of refractories in India. The company provides high-quality solutions to the steel and cement industries. They focus on innovation and sustainability in their offerings. Dalmia Bharat aims to enhance its market position through strategic investments.

Fundz sees it the moment Dalmia Bharat Refractories Limited makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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ML-powered predictions for Dalmia Bharat Refractories Limited's next move

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Frequently asked

Who acquired Adani Group?

Adani Group was acquired by Dalmia Bharat Refractories Limited, based in New Delhi. The deal was reported on May 22, 2026. Dalmia Bharat Refractories Limited is a prominent manufacturer of refractories in India. The company provides high-quality solutions to the steel and cement industries. Dalmia Bharat Refractories Limited is privately held and operates in Manufacturing.

When did Dalmia Bharat Refractories Limited acquire Adani Group?

Dalmia Bharat Refractories Limited's acquisition of Adani Group was reported on May 22, 2026. Dalmia Bharat has announced its intention to purchase the JAL cement assets from Adani Group for ₹2,850 crore. This acquisition is expected to strengthen Dalmia Bharat's position in the cement market, enhancing its ability to meet growing demand. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Adani Group do?

Adani Group is a multinational conglomerate company headquartered in India, with businesses spanning across sectors including ports, mining, energy, agriculture, and more. It is privately held, operating in Energy, and is based in India.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.