Dalmia Bharat: Charting higher growth via expansions, acquisition

Murli Industries' acquisition will drive market share gains in west India, while multiple expansions continue in east and south

Dalmia Bharat’s successful acquisition of Murli Industries on September 10, which was a much-awaited announcement, gave investors a reason to cheer. The stock has jumped 8 per cent in over four sessions, with further gains likely. 

Dalmia Bharat had submitted a resolution plan for the 3 million tonnes per annum (MTPA) capacities of Murli Industries with the NCLT, in 2017 and 2019, which has fructified only now. 

The acquisition gives Dalmia deeper penetration and an opportunity to gain market share in western India. It may also cater to Telangana, Karnataka, and Chhattisgarh, which are in the vicinity of these capacities located at