Dalmia Bharat increases stake in OCL India

Dalmia Bharat has increased its stake in OCL India, one of the largest cement entities in eastern India with plants in Orissa and West Bengal.

“The company’s subsidiary Company, Dalmia Cement (Bharat) Limited on February 25, 2015 has increased its stake in OCL India Limited from 48 per cent to 74.6 per cet through inter-se transfer within the promoter group of OCL India Limited,” Dalmia Bharat said in a statement.

As a part of the consolidation and growth of the cement sector, the Dalmia Bharat Group has been strategically acquiring assets and creating new assets in southern, eastern and northeastern India, it added.