Cement News tagged under: Dalmia Bharat

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OCL invests in West Bengal's first solar power plant

01 April 2016, Published under Cement News

OCL India, part of the Dalmia Bharat Group, has inaugurated West Bengal’s first and largest solar power plant. The 5.5MW photovoltaic plant will deliver power to its grinding unit at Godapiasal Industrial Park in Pashim Medinipore. "The solar plant we inaugurated today would generate approximately 8.25mkWh of energy per annum and will be the first and largest solar power plant in the state of West Bengal. The power generated from this solar plant shall be used for the purpose of captive c...

India: Dalmia Bharat wins go ahead for amalgamation

29 March 2016, Published under Cement News

Dalmia Bharat has received approval from its Board of Directors for amalgamation of OCL India and Dalmia Cement East 'Bokaro' with Odisha Cement (OCL). The board has approved amalgamation of Adhunik Cement with Dalmia cement (Bharat) and transfer of power assets in Dalmia Cement Bharat Power Ventures to Dalmia Cement (Bharat), the company said in a filing to the Bombay Stock Exchange. The company has enhanced its commitment in adding value to its shareholders by consolidating its easter...

Jaypee Group’s cement assets up for grabs

29 December 2015, Published under Cement News

Jaypee Group is planning for an outright sale of its 20Mt portfolio of cement assets worth an estimated INR190 (US$2.86bn) enterprise valuation. UltraTech, Dalmia Bharat backed by private equity investor KKR and Shree Cement have each been approached to take over Jaypee Group’s cement business. Other private equity firms are also reported to have been approached with a detailed information memorandum of operations. Jaypee Group, one of the top ten most indebted Indian conglomerates with a ...