New Delhi, May 22 -- Puneet Dalmia-led Dalmia Bharat Ltd, India's fourth-largest cement maker, has succeeded, in its third attempt, in acquiring cement assets of bankrupt Jaiprakash Associates Ltd from the Adani Group in a Rs.2,850 crore deal.

The acquisition will help Dalmia Bharat deepen its presence in central India and increase cement capacity by nearly 10%, or 5.2 million tonnes per annum (mtpa).

The acquisition will be undertaken through Dalmia Cement (Bharat) Ltd (DCBL), a wholly owned subsidiary of Dalmia Bharat, and is expected to be completed within two weeks, the company announced on Friday.

Dalmia will acquire JAL's plants at Rewa in Madhya Pradesh and Churk, Chunar and Sadwa in Uttar Pradesh. Apart from cement units, the d...