Dalmia Bharat, an Indian conglomerate, agreed to acquire the cement and power businesses of Jaiprakash Associates, an Indian conglomerate company based in Noida, Uttar Pradesh, for $687m. Dalmia, which has 14 cement plants in 10 states, said the deal was a "significant" step towards reaching 110 mtpa to 130 mtpa capacity by fiscal year 2031, with its current capacity pegged at 37 mtpa.