Cement News tagged under: Dalmia Cement Bharat
Dalmia and Sagar submit formal bids for Andhra Cements19 October 2022, Published under Cement NewsDalmia Cement (Bharat) Ltd and Sagar Cements have formally submitted offers to acquire Andhra Cements, according to Business Standard. Andhra Cements, which reportedly owes INR9700m (US$117.9m) to its lenders, was acquired by Jaypee Group in 2012 but has failed to report any sales for the last two years, or repay its debts. Data from Capitaline show that net sales by the company have fallen from INR4663m in FY18 to zero in FY22. Andhra Cements currently has two cement plants with a c... |
Dalmia Cement (Bharat) Ltd CEO to represent CPLC02 June 2021, Published under Cement NewsMahendra Singhi, managing director and CEO of Dalmia Cement (Bharat) Ltd has been invited to represent the prestigious Carbon Pricing Leadership Coalition (CPLC) as Carbon Pricing Champion. CPLC is a voluntary initiative aimed at accelerating climate change by securing the place of carbon pricing on the global agenda . The international group consisting of influential torchbearers of climate change appreciated Mr Singhi for demonstrating leadership and a high level of commitment t... |
Dalmia Cement announces CFO resignation15 October 2020, Published under Cement NewsIndia’s Dalmia Cement (Bharat) has announced the resignation of Jayesh Nagindas Doshi from the position of whole-time director and chief financial officer. The board has approved to relieve Jayesh Doshi from the closure of business hours on 31 October 2020. |
Mahendra Singhi considers COVID-19 impact on the Indian cement industry07 May 2020, Published under Cement NewsMahendra Singhi, president of India’s Cement Manufacturers Association and managing director and CEO of Dalmia Cement (Bharat) Ltd, opened Cemtech’s third live webinar yesterday. Mr Singhi started by recognising the severe impacts caused by the COVID-19 pandemic. In India, for example, the scale of the nationwide lockdown is the largest ever seen. As a result, the pace of its economy has considerably slowed in recent months and GDP may contract 0.5-2 per cent YoY in the FY21. However, the... |
Dalmia Cement Bharat announces COVID-19 relief plans09 April 2020, Published under Cement NewsIndia’s Dalmia Cement Bharat has contributed INR20m (US$262,742) to the Odisha relief fund to help support the state’s response to the COVID-19 pandemic. Elsewhere, the company has distributed dry food packets to over 900 families in villages near Biswali, Odisha. Seven days of grocery shopping has been supplied to 650 families in and around Rajgangpur, while the company has also provided assistance for stranded truck drivers, helpers and the homeless. Furthermore, the company has team... |
Mahendra Singhi appointed as president of CMA07 December 2018, Published under Cement NewsCEO of Dalmia Cement (Bharat), Mahendra Singhi, has been appointed as the new president of India’s Cement Manufacturers Association (CMA). Mr Singhi will take over the position from the outgoing Shailendra Chouksey. "India is on the cusp of great growth and infrastructure development. The Indian cement industry is at a significant moment of its history and I look forward to leading the association towards a sustainable global future," said Mr Singhi. |
Dalmia appoints Ujjwal Batria as COO02 July 2018, Published under Cement NewsDalmia Cement (Bharat) Ltd has appointed Ujjwal Batria as COO of the company. Mr Batria will lead the operation of sales and marketing, logistics, manufacturing and technical services departments, according to the company. Mr Batria has previously served as CEO of Lafarge India Ltd, alongside associations with Century Textiles & Industries Ltd and Tata Steel. |
India's shrewd consolidator02 February 2018, Published under Cement NewsThe Indian cement market is still caught in the grips of consolidation and Dalmia Bharat Cement Ltd (DBCL) is positioning itself to be a strong player going forward with the news that it is ready to acquire Kalyanpur Cement . Dalmia Bharat Group already states its mission is to be in the top two for every business in which it is involved, which includes power, sugar and refractories. While the addition of the Kalyanpur Cement plant in Bihar would add just 1Mta to the Dalmia Bharat capac... |
Dalmia Bharat to take full control of cement subsidiary09 March 2016, Published under Cement NewsDalmia Bharat has received approval from the Competition Commission of India to acquire a 15 per cent stake in its subsidiary Dalmia Cement Bharat from private equity firm KKR. Post-acquisition, Dalmia Cement Bharat Ltd (DCBL) will become a wholly-owned subsidiary of Dalmia Bharat Ltd (DBL). “Dalmia Bharat Ltd (DBL) signed a definitive agreement with KKR, under which it will acquire KKR's 15 per cent stake in DCBL in return of KKR getting 8.5 per cent stake in DBL as well as INR6bn [US... |
India: Dalmia eyes larger slice of the Goan market19 October 2015, Published under Cement NewsDalmia Cement Bharat Ltd is looking to expand its market presence in the western Indian state of Goa having recently commissioned its Belgavi cement works in neighbouring Karnataka. To increase its market share, Dalmia Cement has started strengthening its dealership network in the state through talks with 15 dealers initially, local press reported. The company will provide marketing, technical and logistics support. Dalmia Cement’s senior management visited Goa on Friday to announced the ... |
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