This comes after the Committee of Creditors on Thursday downplayed the alleged fraud by Binani's promoters, saying it was not related to the sale process
Company sees it as a better time to buy rather than build its own cement assets; Binani deal, in which UltraTech is a hurdle, will boost its capacity to 40 mn tonnes
Dalmia Cement's bid for Binani was the best received by the resolution professional and the committee of creditors
Dalmia Bharat Cement, which manages OCL India Limited in the state, markets cement under the brand name of Konark