Cement News tagged under: Dalmia Bharat

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Dalmia Bharat Acquires 26% stake in Solarcraft Power India

11 June 2024, Published under Cement News

Dalmia Bharat Ltd agreed on 8 June to purchase a 26 per cent equity share in Solarcraft Power India 23 (a Karnataka-based solar power firm) for INR103.18m (US$1.24m). The cement company also signed an agreement to buy 8.4m compulsory convertible debentures, amounting to 26 per cent additional equity in Solarcraft, for INR84.38m. Additionally, Dalmia Bharat has signed a power purchase agreement with the energy company. The company said the aim of this was to “source solar power ad a capt...

Dalmia Bharat launches electric truck initiative

29 December 2021, Published under Cement News

Dalmia Bharat, India, has launched an electric truck initiative, which will see the first two high capacity electric trucks deployed out of a proposed fleet of 22 vehicles to be launched within the fiscal year.   The company has commissioned two charging stations at its Rajgangpur Unit in the Sundergargh district of Odisha and three more such facilities will be set up by March next year. The move is aimed at accelerating the company's sustainability goal of lowering carbon emissions, as ...

Dalmia's Bokaro expansion project gets underway

07 December 2021, Published under Cement News

A foundation stone for Dalmia Bharat Cement’s Bokaro expansion project in Jharkhand, India, has been laid by Hemant Soren, chief minister of the state. The project represents an investment of INR5.67bn (US$75.15m) and is expected to be completed within a year. Through debottlenecking works and the addition of the 2Mta grinding line, capacity at the plant is expected to increase from 3.7Mta to 6.2Mta. The state government provided 16 acres of land to the company for the expansion works.

Dalmia Bharat sees 11% climb in revenue

28 October 2021, Published under Cement News

India’s Dalmia Bharat has reported a 10 per cent decline in net profit to INR2.09bn (US$27.93m) during the September quarter of FY21-22, compared with INR2.32bn in the year-ago period. “In spite of unprecedented cost-related headwinds across regions, our razor-sharp focus on operational efficiencies and execution has helped us contain our costs and deliver industry-leading performance,” said the company’s managing director, Puneet Dalmia. Consolidated revenue from operations was up 11.4 p...

No stopping India's cement capacity rise

20 August 2021, Published under Cement News

India is the second-largest cement market in the world with an increasing population and high development needs. Consequently, the prospects for long-term cement demand growth are good. While many cement companies have delayed investment plans due to the ongoing pandemic, in India there is a surge of activity for CAPEX projects. The Cement Manufacturing Association (CMA) currently estimates that India has an installed cement capacity of 545Mta. A report by Crisil Ratings claims that as mu...

Dalmia Bharat sees surge in consolidated profit

30 April 2021, Published under Cement News

India’s Dalmia Bharat has reported a surge in consolidated profit to INR6.4bn (US$86.45m) for the final quarter of the FY20-21, compared to INR240m in the year-ago period, on the back of a higher revenue from operations and a tax credit. Revenue from operations increased 32.1 per cent YoY to INR32.81bn from INR24.83bn in the 4QFY19-20. The company saw a tax credit of INR2.12bn during the quarter, against a tax expense of INR410m last year.

Dalmia Bharat reports 603% rise in profit

05 February 2021, Published under Cement News

India’s Dalmia Bharat has seen a 603.3 per cent rise in consolidated profit after tax to INR1.83bn (US$25.1m) for the December quarter, compared to INR260m in the year-ago period. "We have emerged stronger from this crisis with our razor-sharp focus on the business fundamentals and on the well-being of our customers and our employees," said Puneet Dalmia, managing director, Dalmia Cement. During the 3QFY20-21, the company's revenue from operations climbed 18.2 per cent YoY to INR28.57bn...

Dalmia Bharat posts 24% YoY increase in net profit

07 August 2020, Published under Cement News

India’s Dalmia Bharat has reported a 23.7 per cent YoY rise in consolidated net profit to INR1.88bn (US$25.08m) for the quarter ending June 2020, compared with 1.52bn in the year-ago period. However, revenue from operations declined 22.2 per cent to INR19.74bn from INR25.37bn. "Despite the challenges posed by COVID-19, the company once again delivered a strong performance and achieved an EBITDA of INR1675/t during this quarter," said the company. "The same is the highest ever EBITDA achie...

Dalmia Bharat posts 4Q net profit of INR240m

16 June 2020, Published under Cement News

Dalmia Bharat reported a consolidated net profit of INR240m (US$3.2m) for the fourth quarter ended 31 March 2020. The company posted a net profit of INR2.63bn in the January-March quarter of the previous financial year, the company said in a regulatory filing. However, it cautioned against comparison of the latest results with the previous period as it has shifted to AS 116 standards from 1 April 2019. Dalmia Bharat’s revenues from operations was INR24.93bn in the 4QFY19-20, down from IN...

Dalmia Bharat suspends entire manufacturing capacity

30 March 2020, Published under Cement News

India’s Dalmia Bharat has suspended its entire 26.5Mta of cement manufacturing capacity as a result of the coronavirus, according to a press release. "We are continuously monitoring the situation and the immediate task is to ensure that the chain of transmission of COVID-19 breaks. We will decide to restart production once the lockdown is over, based on the directions of the state and central governments," said Mahendra Singhi, managing director and CEO. Although the plants have the requ...