Dalmia Cement (Bharat) Ltd. (DCBL) and Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, KKR) announced the signing of a definitive agreement under which KKR has agreed to invest up to Rs 750 crores in DCBL’s wholly owned unlisted subsidiary which will house post restructuring DCBL’s 9MTPA cement manufacturing capacity, DCBL’s stake in OCL India Limited (5.3MTPA capacity) along with the upcoming green field projects of 10MTPA across the country. The use of proceeds will be for both organic/inorganic growth and de-leveraging.