Dalmia sees 5% hike in 2Q revenues

Dalmia Bharat Cement reported consolidated revenues of INR22.85bn (US$322m) in the quarter ended 30 September 2019 (2QFY19-20), up 5.2 per cent when compared with INR21.73bn in the year-ago period. The company posted a consolidated profit of INR360m for the quarter ended 30 September 2019.

In other news, the company said it plans to become a pan-India players with the acquisition of Murli Cement in Maharashtra and a a new plant in Rajasthan. This would enable Dalmia Bharat to enter the Maharashtra and northern India markets. Chhattisgarh is another market that the company is interested in. Dalmia Bharat already has leases in Chhatisgarh and Odisha.