Dalmia Cement (Bharat) (DCBL), the wholly owned subsidiary of Dalmia Bharat has executed the definitive agreements with Jaiprakash Associates with respect to the following:

a) The agreement for acquisition of JP Super with an enterprise value of Rs 1500 crore and costs and expenses upto Rs.190 crore, subject to actuals, for various clearances and approvals related to the JP Super plant and mines and the agreement is subject to fulfilling certain conditions precedent including the final outcome of the pending arbitration between Jaiprakash Associates and Ultratech Cement;

b) The Share Purchase Agreement (SPA) for acquisition of 74% shareholding of Bhilai Jaypee Cement (BJCL) for an enterprise value of Rs 666 crore, and the SPA is subject to fulfilment of certain conditions precedent.

c) DCBL has also signed a Long-Term Lease Agreement (having a term of seven years) with Jaiprakash Power Ventures (JPVL) for its Nigrie Cement Grinding Unit of 2 Million MTPA (Nigrie Unit) located at Singrauli in the State of Madhya Pradesh, which is subject to fulfillment of certain conditions precedent. DCBL has an option to purchase the Nigrie Unit anytime within the lease period at an enterprise value of Rs.250 crore.