Cement News tagged under: Dalmia Cement
UltraTech announces new bid for Binani Cement20 March 2018, Published under Cement NewsUltraTech Cement announced its intention to take over Binani Cement on Monday, with an offer of INR72.66bn (US$1.11bn). The new offer follows Dalmia Cement's claim that its INR63.50bn bid had been accepted by lenders last week. UltraTech's board has agreed to supply a 'comfort letter' guaranteeing the INR72.66bn in return for a 98.43 per cent stake in Binani Cement, according to DNA Money. Binani Industries and UltraTech have previously commented on the secrecy of the bidding process, ... |
Dalmia Cement supplies India's longest bridge30 May 2017, Published under Cement NewsDalmia Cement (Bharat) Ltd has supplied 17,000t of high-quality cement for the construction of the Dhola-Sadiya bridge connecting Arunachal Pradesh to Assam, which was inaugurated on Friday by India's Prime Minister, Narendra Modi. Realised through a consortium of companies, Dhola-Sadiya is India's longest bridge, spanning a distance of 9.15km across the Brahmaputra river. It is located 540km from Guwahati in Assam and 300km from Itanagar, Arunachal Pradesh. The aerial distance to the Chin... |
Dalmia top bidder for Chhattisgarh limestone block08 May 2017, Published under Cement NewsDalmia (Bharat) Cement has emerged as the preferred bidder for the Kesla II limestone block in Raipur district Chhattisgarh, India, which was auctioned by the state government on Tuesday. Business Line (India) reported that an official statement said that with 215Mt of reserves, the block has an estimated value of mineral resource of INR103.67bn (US$1.61bn). |
India: Dalmia and Nagaur limestone blocks awarded11 January 2017, Published under Cement NewsThe government auction of the 3B1A Limestone Block in Zayal, Nagaur, India, has awarded the block to Emami Cement, which paid INR51bn (US$746m) for the 125t concession. Meanwhile, Dalmia Cement obtained the Chittorgarh B Block in Nimharea, Chittorgarh. The cement producer paid INR54bn for the limestone deposit, which has a reserve of 175t, the biggest block auctioned up to data. Secretary of Mines, Aparna Arora, said that six companies were competing at the auction, which is expected ... |
India: Dalmia Cement wins limestone concession auction06 January 2017, Published under Cement NewsDalmia 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 power14 November 2016, Published under Cement NewsDalmia 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 September04 November 2016, Published under Cement NewsDalmia 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 brand21 September 2016, Published under Cement NewsDalmia 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 results18 August 2016, Published under Cement NewsDalmia 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 growth09 June 2016, Published under Cement NewsVolume 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... |