Dalmia Bharat Group

Cement maker Dalmia Bharat Ltd on Saturday reported a decline of 60.16 per cent in consolidated net profit to Rs 49 crore for the September quarter on account of decline in cement prices. The company had posted a net profit of Rs 123 crore in the year-ago period, Dalmia Bharat said in a regulatory filing. Its revenue from operations was also down 2.09 per cent to Rs 3,087 crore during the quarter under review. It was at Rs 3,153 crore in the corresponding period of the previous fiscal year. Dalmia Bharat's total expenses were at Rs 3,087, marginally up in the September quarter. However, sales volume was up 14.1 per cent to 6.7 million tonnes (MT) in the second quarter of the ongoing fiscal year. Total income of the Dalmia family-promoted cement firm was also down 2.28 per cent to Rs 3,160 crore. "We delivered a strong volume growth of 8.4 per cent year-on-year in Q2 FY25. However, the continuous & unprecedented softness in cement prices resulted in revenue declining 2.1 per cent

The deal, since inception, has been riddled with concerns, which possibly prompted Dalmia Cement to execute it in three parts

In a surprising turn of events, a Delhi court was on Thursday told that Rs 6 crore reportedly extorted by alleged conman Sanjay Prakash Rai alias Sanjay Sherpuria from Dalmia Family Office Trust, in which Gaurav Dalmia is a trustee, was part of the money that was allegedly embezzled by Dalmia from the Ansals. The submission was made by Rai's lawyer during arguments on his bail application before Special Judge Sachin Gupta. The judge sought explanation from the Enforcement Directorate (ED) on this point by December 8 when the court will further hear the matter. Advocate Nitesh Rana, appearing for the accused, submitted before the court that the ED itself was confused about the case. Rana said that Rs 6 crore alleged proceeds of crime against Rai is part of money embezzled by Gaurav Dalmia from Ansal Properties and Infrastructure Ltd. and Ansal Landmark Township Ltd. for which the ED in Lucknow has been investigating since 2022. "The Dalmia group has misappropriated Rs 53.14 crore f

The US International Development Finance Corporation (DFC) on Wednesday committed USD 30 million to Dalmia Polypro Industries for building a plastic recycling facility in Maharashtra. Dalmia, which produces high-quality recycled materials from post-consumer plastic waste, will raise the money from external commercial borrowing (ECB) route to fund the new recycling facility in Nashik, DFC said in a statement. It said the new facility will support improvements in India's plastic waste value chain and expand the capacity to reduce plastic waste, DFC's regional managing director for South Asia, Ajay Rao, said. The statement said the facility will have a recycling capacity of 1,71,000 metric tonne per year, and help Dalmia Polypro develop food-grade recycled materials and applications. The facility will produce high quality recycled PET (rPET), PP (rPP) and HDPE (rHDPE) flakes and granules and will be partially powered by renewable energy and biofuel. An agreement for the facility was

Sugar production, however, slowed, hurt by lower output from the western state of Maharashtra, the country's top producer of the sweetener

RHI Magnesita is in process of acquiring the refractory business of Dalmia Bharat Refractories Limited (DBRL) in India for about Rs 1,708 crore, Stefan Borgas, CEO of the Vienna-based company, has said. The share swap deal is being made through RHI Magnesita India, he added. "DBRL will transfer its business to Dalmia OCL (DOCL). Under the terms of a share swap agreement, RHI Magnesita will acquire all outstanding shares in DOCL in exchange for 27 million new shares in RHI Magnesita India Limited," Borgas said. Based on the issuance price of RHI Magnesita India Limited at Rs 632.5029 per share, the share consideration had a value of approximately Rs 1,708 crore (about 208 million euros), the CEO said. The acquisition will significantly increase RHI Magnesita's presence in the fast-growing Indian refractory market, with steel production in India expected to grow 12 per cent in 2022, and a 7-8 per cent compound annual growth rate until 2030, Borgas added. Refractory is used by a wide

Sugar stocks fell sharply on Wednesday, a day after the government imposed restrictions on sugar exports from June 1 to increase availability of the commodity in domestic market and curb price rise. Shares of Dalmia Bharat Sugar and Industries plummeted 13.40 per cent, Dwarikesh Sugar tumbled 9.38 per cent, Uttam Sugar Mills plunged 9.30 per cent and Balrampur Chini Mills tanked 8.56 per cent on the BSE. Also, Avadh Sugar & Energy dived 8.04 per cent, Shree Renuka Sugars declined 6.69 per cent and Mawana Sugars dipped 4.97 per cent. "Export of sugar (raw, refined and white sugar) is placed under restricted category from June 1, 2022 onwards," the Directorate General of Foreign Trade (DGFT) said in a notification on Tuesday. In a statement, the government said with a view to maintain domestic availability and price stability of sugar in the country during sugar season 2021-22 (October-September), it has been decided to regulate the sugar exports with effect from June 1.

Dalmia Bharat Sugar and Industries Ltd on Friday reported a marginal decline in consolidated net profit at Rs 124.34 crore for the quarter ended June.

The government reduced the export subsidy from Rs 5.85 / kg to Rs 4.0 / kg on any sugar contracted for export on or after May 20, 2021

The company had posted a net profit of Rs 54.39 crore in the same quarter year ago, according to a regulatory filing.

In recent years, cement companies like Birla Corporation have also taken a similar path - come up with a flagship brand as part of its plans to become a national player

The Murli Cement deal, which comes Riders, will establish the Company's presence in Maharashtra; firm has started process of acquiring land for new plant in Rajasthan

The company registered a consolidated revenue of Rs 2,285 crore in the July-September period, over Rs 2,173 crore in the year-ago quarter

The brownfield expansion in east India involves increasing the capacity in its West Bengal plant from 1.3 mtpa to 4 mtpa and in its Rajgangpur plant by another 3 mtpa

The company's June quarter performance was good despite soft volume growth on demand woes

The region to hold its first investors' summit in October; many look at opportunities in the FMCG sector

The company's total revenue rose from Rs 2905 crore as against Rs 2695 crore in the previous fiscal

While the signage at the Red Fort indicating its adoption by Dalmia Bharat will have to be done in a 'discreet manner and tastefully', there is no such requirement for the Gandikota Fort

To expand the capacity of its cement plant in the state

OCL India hits a record high of Rs 997, up 7% and Dalmia Bharat was up 2.6% at Rs 2,043 on BSE in early morning trade.