Cement News tagged under: Dalmia Cement
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... |
BluPine Energy to supply Dalmia Cement (Bharat)17 June 2024, Published under Cement NewsDalmia Cement (Bharat) Ltd has signed an agreement with BluPine Energy for the supply of green energy through a solar power project in Karnataka, India. The agreement involves a 46.87MWp solar power plant under a captive structure, which is expected to generate approximately 93.75MUs of electricity each year, reducing carbon emissions by more than 85,000tpa. “The solar plant in Karnataka will not only produce clean energy but also foster local economic growth and support environmental ... |
SaltX Technology and Dalmia Cement (Bharat) Ltd begin EAC pre-study11 December 2023, Published under Cement NewsSaltX Technology and Dalmia Cement (Bharat) Ltd have started initial work on a pilot plant for electric cement production in India. With the collaboration having been initiated in June 2023, the partnership aims to complete a joint pilot plant for electrically produced cement by 2024, incorporating SaltX's Electric Arc Calciner (EAC) technology at one of Dalmia's existing plants. SaltX's visit to India last week marks the beginning of the project and forms the basis for the pre-study wo... |
Dalmia Cement announces new MD and CEO31 August 2023, Published under Cement NewsMr Puneet Dalmia will succeed Mahendra Sanghi as managing director and chief executive office of Dalmia Cement (Bharat) Ltd . Mr Singhi will step down on 8 December 2023 but continue in the role of director and strategic advisor to the MD and CEO. According to the company, Mr Dalmia is currently managing director of Dalmia Bharat Limited. He has been the driving force behind the company’s exponential growth since he took over the reins in 2004 and continues to spearhead Dalmia Bharat’s t... |
Dalmia Cement's Ariyalur plant starts new IKN cooler19 July 2023, Published under Cement NewsAn IKN Pendulum cooler has been installed at Dalmia Cement’s Ariyalur plant in India. IKN engineers have designed an innovative Pendulum cooler with a compact design that allows pre-assembly and reduces on-site assembly time. The cooler has been designed to gradually increase the rated capacity of production. The first clinker arrived at the cooler on 16 July 2023. |
India adds 7Mta as expansion plans continue24 April 2023, Published under Cement NewsIndia’s cement producers have added around 7Mta of cement production capacity in the last few weeks alone as their expansion plans continue. According to Argus Media, UltraTech Cement has added 2.2Mta at its Bihar unit, raising its total cement production capacity to 129.15Mta as part of plans to reach 200Mta by 2030. Dalmia Bharat Cement plans to add 12Mta by 2024 with the ultimate aim of reaching 110-130Mta by 2031. The company recently added 2.5Mta, taking its total capacity to 4... |
Dalmia Cement sells stake in Dalmia Bharat Refractories27 March 2023, Published under Cement NewsDalmia Cement (Bharat) Ltd (DCBL) has agreed to sell its entire investment of 18,723,743 equity shares in Dalmia Bharat Refractories Ltd to M/s Sarvapriya Healthcare Solutions Private Ltd. The transaction represents 42.36 per cent of share capital, at a total consideration of INR8000m (US$97.12m), and forms part of DCBL’s strategy to exit non-core business/investment, according to the company. |
Dalmia Cement reports 23% rise in revenue21 February 2023, Published under Cement NewsDalmia Cement (Bharat) Ltd has reported a 22.7 per cent YoY increase in revenue to INR33,550m (US$405.6m) in the 3QFY22-23 ended 31 December 2022. EBITDA over the same period advanced by 57.5 per cent to INR6440m, while cement volumes expanded by 11.5 per cent to reach 6.3Mt. In the 9MFY22-23, revenue improved by 21.8 per cent YoY to INR96,280m, while EBITDA declined 7.7 per cent to INR16,090m. Volumes over the nine-month period came in at 18.3Mt, up 17.1 per cent from the 15.6Mt report... |
CCI gives green light to Dalmia acquisition of JAL16 February 2023, Published under Cement NewsThe Competition Commission of India ( CCI ) has approved an INR56,660m (US$685.7m) deal related to Dalmia Cement ’s acquisition of cement, clinker and power plants of Jaiprakash Associates Ltd (JAL), according to The Hindu Business Line. The acquisition will enable Dalmia Cement to expand its footprint into the central India region and emerge as a pan-India company with 75Mta of capacity by FY27 and 110-130Mta by FY31.This latest transaction, once approved by all... |