Cement News tagged under: Dalmia Bharat

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Dalmia Bharat to acquire Murli Industries

21 December 2017, Published under Cement News

Dalmia Bharat is set to acquire the bankrupt Murli Industries, according to The Economic Times. The deal represents an investment of close to INR4bn (US$62.4m) by Dalmia. The company will also cancel almost the entire equity of Murli Industries. Dalmia won the bid on Wednesday, despite Gajanan Oil submitting a higher cash offer. Including interest and fines, Murli Industries had accumulated INR17bn in debt. Murli has an integrated cement plant with a capacity of 3Mta.

NCB announces greenest cement company

08 December 2017, Published under Cement News

Dalmia Bharat won the title of world's greenest cement company from the National Awards from National Council for Cement and Building Materials (NCB) for 2015-16 and 2016-17, winning across six categories. On receiving the award, Mahendra Singhi, Group CEO of Dalmia Bharat Cement, said: "We are honoured to receive this prestigious award from NCB. We are extremely delighted to be acknowledged for our efforts in making a greener environment. On behalf of the Dalmia family, I thank you for thi...

India: Dalmia OCL merger

07 November 2016, Published under Cement News

The boards of Dalmia Bharat Ltd and OCL India have decided to merge the two entities, creating the fourth-largest cement manufacturer in India with a total capacity of 25Mta and annual revenues of approximately INR100bn (US$1.5bn). OCL will merge with Dalmia Bharat and will issue fresh shares for public shareholders in lieu of their ownership in OCL. Public shareholding in OCL stands at a little over 25 per cent. Dalmia Bharat will not be issuing any fresh shares against its own 74.9 per ...

Dalmia quarterly results

18 August 2016, Published under Cement News

Dalmia Bharat announced its unaudited consolidated financial results for the quarter ended 30 June 2016. Dalmia performed well in the period, achieved through a focus on branding, customer centricity and cost optimisation. The company reported that it achieved an EBITDA margin of 29 per cent and its sales volume increased 22 per cent YoY. It also worked towards expanding its sustainable footprint, with non-fossil fuel usage reaching 83 per cent. Operational efficiency was also aided by op...

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 ...