Cement News tagged under: Dalmia Bharat
Dalmia Bharat acquires 25% stake in solar power producer03 October 2024, Published under Cement NewsDalmia Bharat Ltd , through its subsidiary Dalmia Cement (Bharat) Ltd, has entered into an agreement to acquire a 25.38 per cent stake in Bijlee Kandasamy Pvt Ltd for INR33m. This acquisition will enable Dalmia Cement to become a captive consumer of Bijlee Kandasamy's solar power generation, allowing the company to source up to 11MW of solar energy in Tamil Nadu. The move aligns with Dalmia Bharat's broader commitment to achieving 100 per cent renewable electricity by 2030 and its goal to... |
Dalmia agrees to acquire 26% stake in Truere Surya04 September 2024, Published under Cement NewsIndia-based Dalmia Bharat Group said that its subsidiary Dalmia Cement (Bharat) has entered into a share subscription and share holders agreement (SSSHA) to acquire a 26 per cent stake in the equity share capital of Truere Surya. The transaction value is INR448m for 44,800,000 shares. Truere Surya will enable Dalmia Cement (Bharat) to set up a captive solar power project with a capacity of up to 128MW in Tamil Nadu. This is expected to improve the company’s renewable power supply, sup... |
Dalmia Bharat to collect an additional 70,000t of RDF from Gadakana01 July 2024, Published under Cement NewsThe Bhubaneswar Municipal Corp(BMC) has announced its decision to allow Dalmia Cement (Bharat) Ltd to collect an additional 70,000t of refuse-derived fuel (RDF) from the Gadakana temporary transit station. The RDF is produced from the waste that is processed at the site. Previously, the state government had partnered with four cement plants – Dalmia’s Rajgangpur, Siva Cement’s Kutra, ACC’s Bargarh and Toshali Cements’ Ampavalli – to manage non-recyclable waste, but only Dalmia has an a... |
Dalmia Bharat Acquires 26% stake in Solarcraft Power India11 June 2024, Published under Cement NewsDalmia Bharat Ltd agreed on 8 June to purchase a 26 per cent equity share in Solarcraft Power India 23 (a Karnataka-based solar power firm) for INR103.18m (US$1.24m). The cement company also signed an agreement to buy 8.4m compulsory convertible debentures, amounting to 26 per cent additional equity in Solarcraft, for INR84.38m. Additionally, Dalmia Bharat has signed a power purchase agreement with the energy company. The company said the aim of this was to “source solar power ad a capt... |
Dalmia Bharat launches electric truck initiative29 December 2021, Published under Cement NewsDalmia Bharat, India, has launched an electric truck initiative, which will see the first two high capacity electric trucks deployed out of a proposed fleet of 22 vehicles to be launched within the fiscal year. The company has commissioned two charging stations at its Rajgangpur Unit in the Sundergargh district of Odisha and three more such facilities will be set up by March next year. The move is aimed at accelerating the company's sustainability goal of lowering carbon emissions, as ... |
Dalmia's Bokaro expansion project gets underway07 December 2021, Published under Cement NewsA foundation stone for Dalmia Bharat Cement’s Bokaro expansion project in Jharkhand, India, has been laid by Hemant Soren, chief minister of the state. The project represents an investment of INR5.67bn (US$75.15m) and is expected to be completed within a year. Through debottlenecking works and the addition of the 2Mta grinding line, capacity at the plant is expected to increase from 3.7Mta to 6.2Mta. The state government provided 16 acres of land to the company for the expansion works. |
Dalmia Bharat sees 11% climb in revenue28 October 2021, Published under Cement NewsIndia’s Dalmia Bharat has reported a 10 per cent decline in net profit to INR2.09bn (US$27.93m) during the September quarter of FY21-22, compared with INR2.32bn in the year-ago period. “In spite of unprecedented cost-related headwinds across regions, our razor-sharp focus on operational efficiencies and execution has helped us contain our costs and deliver industry-leading performance,” said the company’s managing director, Puneet Dalmia. Consolidated revenue from operations was up 11.4 p... |
No stopping India's cement capacity rise20 August 2021, Published under Cement NewsIndia is the second-largest cement market in the world with an increasing population and high development needs. Consequently, the prospects for long-term cement demand growth are good. While many cement companies have delayed investment plans due to the ongoing pandemic, in India there is a surge of activity for CAPEX projects. The Cement Manufacturing Association (CMA) currently estimates that India has an installed cement capacity of 545Mta. A report by Crisil Ratings claims that as mu... |
Dalmia Bharat sees surge in consolidated profit30 April 2021, Published under Cement NewsIndia’s Dalmia Bharat has reported a surge in consolidated profit to INR6.4bn (US$86.45m) for the final quarter of the FY20-21, compared to INR240m in the year-ago period, on the back of a higher revenue from operations and a tax credit. Revenue from operations increased 32.1 per cent YoY to INR32.81bn from INR24.83bn in the 4QFY19-20. The company saw a tax credit of INR2.12bn during the quarter, against a tax expense of INR410m last year. |
Dalmia Bharat reports 603% rise in profit05 February 2021, Published under Cement NewsIndia’s Dalmia Bharat has seen a 603.3 per cent rise in consolidated profit after tax to INR1.83bn (US$25.1m) for the December quarter, compared to INR260m in the year-ago period. "We have emerged stronger from this crisis with our razor-sharp focus on the business fundamentals and on the well-being of our customers and our employees," said Puneet Dalmia, managing director, Dalmia Cement. During the 3QFY20-21, the company's revenue from operations climbed 18.2 per cent YoY to INR28.57bn... |