Dalmia Bharat posts 4Q net profit of INR240m
Dalmia Bharat reported a consolidated net profit of INR240m (US$3.2m) for the fourth quarter ended 31 March 2020. The company posted a net profit of INR2.63bn in the January-Mar...
Dalmia Bharat
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Dalmia Bharat suspends entire manufacturing capacity
India’s Dalmia Bharat has suspended its entire 26.5Mta of cement manufacturing capacity as a result of the coronavirus, according to a press release. "We are continuously monito...
Dalmia Bharat announces share buy-back scheme
The board of India’s Dalmia Bharat Ltd has approved a proposal to buy back shares worth up to INR5bn (US$65.79m). It intends to buy no more than 71,42,857 shares at a maximum pr...
Dalmia Bharat reports 192% increase in net profit
India’s Dalmia Bharat Ltd has reported a 192.3 per cent YoY increase in consolidated net profit for the quarter ending 30 June, rising to INR1.52bn (US$21.82m) from INR520m. EBI...
Dalmia Bharat looks to expand into northern India
India’s Dalmia Bharat has reportedly secured mining rights near Chittorgarh, Rajasthan, and could be planning to construct a 4Mta plant over two phases in the area, according to...
UltraTech's bid for Binani approved by NCLAT
A bid submitted by India’s UltraTech Cement to acquire Binani Cement has received approval from the National Company Law Appellate Tribunal (NCLAT). A two-member bench of NCLAT,...
Indian cement sector receives new investment
The Indian cement sector is receiving fresh investment as capacity utilisation rates increase, with at least six companies at various stages of announcing or implementing expans...
Dalmia Bharat-led bid approved by lenders
Lenders to the bankrupt Binani Cement have decided that a a Dalmia Bharat-led bid would be allowed, thereby overruling the objections of UltraTech Cement. The offer fulfilled al...
UltraTech seeks clarity on Binani Cement bidding process
UltraTech has approached the National Company Law Tribunal (NCLT) in Kolkata, seeking clarity on the evaluation of bids for Binani Cement, according to India Info Online. Dalmia...
Dalmia Bharat wins bid for Binani
Dalmia Bharat Cement Ltd won the bid for Binani Cement on Tuesday, despite UltraTech Cement submitting an almost identical offer. The panel supervising the insolvency proceeding...