Orient Cement has announced an acquisition of 4.2 mt of cement capacity from Jaypee associates at an enterprise value of Rs 19.5 bn. The 4.2 mt cement capacity includes 2.2 mt Bhilai Jaypee Cement (BJCL) and 2.0 mt Nigrie grinding unit. BJCL unit (74% stake is held by Jaypee and 26% by SAIL) includes 1.1 mt of clinker capacity at Babupur (MP) with the 2.2 mt grinding unit at Bhilai (Chhattisgarh). Orient will acquire shares of BJCL held by Jaypee through execution of share purchase agreement. Another Grinding unit of 2 mt is at Nigrie (MP) which will be acquired from JPVL (Jaiprakash Power Ventures Ltd) through a business transfer agreement.