Cement News tagged under: Dalmia Cement
India: Dalmia removes barrier to Lafarge-Holcim merger10 May 2016, Published under Cement NewsAn 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 parent18 January 2016, Published under Cement NewsPrivate 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 region06 July 2015, Published under Cement NewsDalmia 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 Lanka16 June 2015, Published under Cement NewsDalmia 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: ... |
Dalmia commences trial operations of Karnataka plant31 March 2015, Published under Cement NewsDalmia Cement (Bharat) Ltd, a subsidiary of Dalmia Bharat Ltd, has commenced operations at its new 2.5Mta cement plant in Belgaum, Karnataka, on 23 March 2015 and has now started trial production. Commissioning of the Belgaum plant will take Dalmia Bharat Group's total installed capacity to 24Mta. |
Dalmia Cement (Bharat) reports rise in 3Q volumes23 March 2015, Published under Cement NewsDalmia Cement (Bharat) Ltd announced its financial results for the quarter ended 31 December 2014, reporting a YoY increase in volumes and income. Income rose to INR7.94bn from INR7.07bn in 3Q14, led by a six per cent rise in volumes to 1.65Mt and a nine per cent increase in sales realisations. Power and fuel costs came down by 16 per cent per cent on a per tonne basis but were offset by increased freight costs and an increase in raw material costs for the north east operations. Efficienc... |
Dalmia launches in Jharkhand market, India19 December 2014, Published under Cement NewsDalmia Cement Bharat Limited (DCBL) has entered the Jharkhand market in eastern India which it will serve through the 2.1Mta Bokaro cement plant. Amandeep, business head and director of BoJCL said, "Bokaro cement plant is being benchmarked to global thresholds of manufacturing excellence in producing Portland Slag Cement (PSC) under Dalmia Cement brand name. Eastern India is a highly promising market with sufficient cement demand. With our state-of-the-art plant at Bokaro, we will ens... |
Dalmia Cement acquires full control of Bokaro Jaypee Cement01 December 2014, Published under Cement NewsDalmia Cement (Bharat) Ltd has acquired full control of Bokaro Jaypee Cement Ltd (BoJCL), following the purchase of the 26 per cent stake in the company it did not already own. BOJCL was initially set up in 2008 up as a 74:26 per cent joint venture between Jaiprakash Associates Ltd (JAL) and the Steel Authority of India’s (SAIL). In June this year, JAL sold its entire majority shareholding in BoJCL to Dalmia Cement. Shri Rangam Securities & Holdings Ltd, a subsidiary of Dalmia, has now pu... |
South Indian cement makers start exports to Myanmar03 February 2014, Published under Cement NewsIt has been locally reported that Chettinad Cements, The India Cements, Dalmia Cements and Ramco Cements have started shipping cement to Myanmar in the past few months. Depressed market conditions for the second year running have forced cement makers in south India to look at different export markets. "We started shipments to Myanmar last month of about 10,000 to 12,000t. It is not very remunerative, but when the chips are down, we have to do something to stay afloat," said Vipin Agar... |
India: Dalmia Cement plunders executives from Shree13 December 2013, Published under Cement NewsMahendra Singhi has joined the Dalmia group has its new managing director from rival Shree Cement where he had spent 19 years, with his last position being executive director. His aim will be to consolidate cement operations and build efficiencies while working with private equity investor KKR. The US-based fund KKR, which invested US$125m in the cement company in 2010, helped Dalmia implement best practices and integrate acquisitions. KKR has already standardised management practices ... |