Cement News tagged under: Dalmia Cement

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India: Dalmia Cement wins limestone concession auction

06 January 2017, Published under Cement News

Dalmia Cement has won the right to mine limestone in Odisha, eastern India, the Times of India reports. Dalmia saw off competition from Adani Cement and Hira Cement for the limestone reserves, estimated at 98.7Mt. The winning bid will see Dalmia pay 12.05 per cent of the revenue generated from the mining operations to the state government.

India: Dalmia Cement commits to 100% renewable power

14 November 2016, Published under Cement News

Dalmia Cement Ltd is the first cement company in India to join RE100, a global collaborative initiative of the world’s most influential companies committed to running their operations with 100 per cent renewable power, led by The Climate Group in partnership with CDP. Following the addition of 8MW solar photovoltaic capacity for its captive use, the company said it would aim to raise its share of renewable energy consumption fourfold by 2030 when compared with 2015. Dalmia currently sour...

India: Dalmia Barat sees 20% volume growth in September

04 November 2016, Published under Cement News

Dalmia Bharat managed 20 per cent volume growth in the July-September quarter compared with the industry's volume growth of two per cent. Due to higher demand, its market share in northeastern India improved to 22 per cent in the Jul-Sep quarter from 16 per cent in the previous year. In the south its market share improved by 100 basis points to eight per cent. Factors such as gain in the market share, entry into new markets and exports helped higher volume growth at the company, says E...

Dalmia launches premium brand

21 September 2016, Published under Cement News

Dalmia Cement Bharat has launched its new premium brand, Dalmia DSP Cement. B K Singh, Dalmia senior executive director and group head, said the new cement brand will first be available in Tamil Nadu. The new cement is said to make concrete buildings more durable and will be packed in a way that will allow for longer storage, even during rainy seasons. Executive Director, K Swami Nathan, said that the launch gives Dalmia the opportunity to maximise customer preference, adding that it woul...

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...

India: cement volume growth

09 June 2016, Published under Cement News

Volume growth in the Indian cement market increased by 12-18 per cent in the quarter ending March 2016 compared to the 4.7 per cent drop seen in the corresponding quarter last year. This level of growth is the largest seen in the last six quarters, and the only growth to reach double digits, as reported by The Economic Times, India. Due to lower petcoke and coal prices the cost of producing 1t of cement fell by 8.6 per cent to INR3517 (US$52.70) YoY. Medium and small companies in the c...

India: Dalmia removes barrier to Lafarge-Holcim merger

10 May 2016, Published under Cement News

An application for withdrawal made by Dalmia Cement Ltd has been accepted by The Competition Appellate Tribunal (COMPAT). Dalmia Cement had previously challenged an approval given for the merger by the Competition Commission of India (CCI). Dalmia Cements cited recent developments in the Mines and Minerals Act and uncertainties in legislation regarding mining and prospecting licences as reasons for the appeal being unwarranted. A representative of the CCI did not object to the withdrawal,...

KKR to swap stake in Dalmia Cement with listed parent

18 January 2016, Published under Cement News

Private equity firm KKR is swapping its stake in Dalmia Cement for a piece of its public listed parent, according to a stock market disclosure on Friday. "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 INR600 crore [INR6bn/US$88.7m] in cash," Punit Dalmia, managing director of Dalmia Bharat Group, told the Press Trust of India. This deal not only simpl...

India: Dalmia expands footprint in western region

06 July 2015, Published under Cement News

Dalmia Cement Bharat Ltd (DCBL), the flagship company of the Dalmia Bharat Group, has commenced operations at its greenfield cement plant in Belgaum district of Karnataka, India. The 2.5Mta cement works will cater to the needs of the customers in Maharashtra and Karnataka markets, a company statement said. Dalmia Cement wants to address the needs of its customers through 800 dealers in Maharashtra. The company has a total cement capacity of 24Mta from its 11 plants across India. It has ...

Dalmia Cement increases exports to Sri Lanka

16 June 2015, Published under Cement News

Dalmia Cement is increasing its exports to Sri Lanka through channel partner Smart Dragon Lanka Pvt Ltd, the company said in a statement. Dalmia Cement (Bharat) Ltd currently supplies cement to the Sri Lankan market from their plant located in Dalmiapuram, Trichy District (Tamil Nadu). The plant has 21 silos, making it convenient to store all varieties of cement adequately, the company notes. R Sanjay, Assistant Executive Director, Institutional Sales - Dalmia Cement, commented: ...