Cement News tagged under: Dalmia Bharat Group
India: Dalmia Bharat Group to expand Odisha plant05 December 2016, Published under Cement NewsDalmia Bharat Group has announced an investment of INR20bn (US$2.9m) to expand the capacity of its cement plant in Odisha. Group company Dalmia Cement Bharat Ltd has 74.6 stakes in OCL India, a leading cement maker with the largest market share in Odisha. Mahendra Singhi, Group CEO, Dalmia Bharat Group, said: "Odisha is a currently on a high economic growth trajectory and its GDP is expected to grow at around 12 per cent by 2020. The state government's commitment to industrial development ... |
Dalmia Bharat to take full control of cement subsidiary09 March 2016, Published under Cement NewsDalmia Bharat has received approval from the Competition Commission of India to acquire a 15 per cent stake in its subsidiary Dalmia Cement Bharat from private equity firm KKR. Post-acquisition, Dalmia Cement Bharat Ltd (DCBL) will become a wholly-owned subsidiary of Dalmia Bharat Ltd (DBL). “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 INR6bn [US... |
Dalmia Bharat increases stake in OCL India25 February 2015, Published under Cement NewsDalmia 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 B... |
Dalmia Bharat Group recognised for CSR achievements06 January 2015, Published under Cement NewsDalmia Bharat Group has been awarded the CII-ITC Sustainability Award 2014 for 'Significant Achievement in Corporate Social Responsibility (CSR)’, beating 20 other companies to the title. This is the third consecutive year that the Indian cement producer has been recognised for its sustainability efforts. Commenting on the award, Gautam Dalmia, managing director, of the Dalmia Bharat Group, said: "It is a huge honour for us to receive the coveted CII-ITC Sustainability Award for the thir... |
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