"Committee of Creditors (CoC) of Kalyanpur Cements (KCL) approved the proposed Resolution Plan (RP) for revival of KCL, submitted by our subsidiary Dalmia Cement (Bharat)," it said in a BSE filing.
The CoC recommended the same to the National Company Law Tribunal (NCLT) for its approval.
"Following receipt of the required approval, the RP provides for a payment of Rs 353 crore," it said.
KCL has a plant in Rohtas district having 1.1 MnT per annum and was operational till August 2017.
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