Rakesh Jhunjhunwala and Radhakishan Damani teamed up to bid for Binani Cement Limited, two senior executives in the know of the matter said, intensifying the race for the company which is facing bankruptcy proceedings from its lenders. Established cement makers such as UltraTech Cement Limited (NSEI:ULTRACEMCO), HeidelbergCement India Limited (BSE:500292), JSW Steel Limited (BSE:500228), Dalmia Bharat Limited (BSE:533309) and The Ramco Cements Limited (BSE:500260) also made proposals on their own or in partnerships to acquire the assets of the debt-ridden company on the last day to submit bids, the people said, speaking on the condition of anonymity.