Dalmia Cement

Dalmia Bharat results: Net profit up 29% at Rs 263 crore during Dec quarter

Sales volumes for the quarter under review was at 6.8 million tonnes (mt), up 8.1 percent from a year ago

Dalmia Cement (Bharat) appoints Puneet Yadu Dalmia as MD & CEO

Dalmia Cement (Bharat) Ltd on Tuesday said its board has appointment Puneet Yadu Dalmia as Managing Director & CEO of the company for five years with effect from December 8. While incumbent Mahendra Singhi will shift to the role of Strategic Advisor to Managing Director & CEO from December 9, 2023, according to a regulatory filing. "The tenure of Singhi as Managing Director & CEO will successfully culminate on December 8, 2023 and thereafter, Singhi will act as Non-Executive Non-Independent Director of DCBL as well as Strategic Advisor to Managing Director & CEO," the filing said. The board of the company has approved both the appoints in its meeting held on Tuesday. Dalmia Cement is the fourth largest cement maker of the country. It operates a manufacturing capacity of 44.6 MTPA, across 15 cement plants and grinding units in 10 states.

Puneet Dalmia appointed as MD, CEO, Dalmia Cement (Bharat) after Singhi

Dalmia Cement (Bharat) on Tuesday said Puneet Dalmia will take over as its Managing Director and Chief Executive Officer after Mahendra Singhi's decade-long tenure comes to an end on December 8. The Board of Directors of Dalmia Cement (Bharat) also decided to retain the services of Singhi as Director and Strategic Advisor to the MD and CEO to ensure a smooth transition and harness his talent in the transformational phase, the company said in a statement on Tuesday. Dalmia has been associated with the Dalmia Bharat Group for 25 years. "Dalmia Bharat immensely benefited from the leadership of Singhi while he drove the growth journey of the company. He has taken the company from strength to strength, and I feel grateful for his leadership and contributions to the company," Puneet Dalmia said. "I am confident that the dynamic leadership of Dalmia would lead the organisation in its future transformational journey to greater heights. I have been fortunate to be associated with this compa

ACC, Ambuja, Dalmia Cement: Analysts remain selective on cement stocks

UBS and Nomura expect volume growth of 10 per cent and 8 per cent, respectively, in FY24 aided by an uptick in the real estate cycle.

Vedanta Aluminium signs pact with Dalmia cement to supply industrial wastes

Vedanta Aluminium on Tuesday said it has entered into a long-term pact with Dalmia Cement for supply of industrial wastes such as fly ash and spent pot lining for manufacturing low carbon cement. Under the pact, Vedanta's mega aluminium smelter at Jharsuguda, Odisha will supply around 20 rakes of fly ash every month for five years to Dalmia Cement's manufacturing units in Odisha, Chhattisgarh, Meghalaya, and Assam, and spent pot lining (SPL) for three years to the company's plant at Rajgangpur, Odisha. Vedanta Aluminium is a preferred supplier of high-quality fly ash to some of the country's leading cement producers, fostering industrial collaboration for the production of low-carbon cement, the company said in a statement. "Strategic collaborations such as this will provide multiple benefits in terms of enhanced quality, sustainability and cost benefits to cement manufacturing, while helping us in gainful waste management. "Our waste-to-wealth initiatives are designed to develop .

CCI clears acquisition of Jaiprakash Associates' assets by Dalmia Cement

The Competition Commission of India on Wednesday approved the acquisition of certain assets of Jaiprakash Associates Ltd and its associate by Dalmia Cement (Bharat) Ltd. The proposed combination relating to acquisition of clinker, cement and power plants belonging to Jaiprakash Associates Ltd and its associate by the Dalmia Cement (Bharat) Ltd, according to an official release. Dalmia Cement (Bharat) Ltd is a wholly-owned subsidiary of Dalmia Bharat Ltd (DBL). DBL engages in the business of manufacture and sale of cement, sugar and refractory services. DBL is the ultimate parent entity of the Dalmia Bharat Group. The assets are engaged in the manufacture and sale of clinker, grey cement and thermal power generation in the states of Madhya Pradesh, Uttar Pradesh and Chhattisgarh. Deals beyond a certain threshold have to be approved by CCI, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace.

Dalmia-Jaypee deal: Battle for third spot in cement market intensifies

Shree Cement adding 9 mtpa of capacity in the next 15 months, HM Bangur says; total cement production capacity of company to jump to 56.4 mtpa...

Jaiprakash to sell cement, power units to Dalmia Group for Rs 5,666 cr

Deal will give buyer entry into high-growth markets of UP and MP, may turn the firm into a net debt company from almost debt free now

Slowdown, earnings pressure are temporary: Dalmia Cement (Bharat) MD & CEO

'Large cement plants in India on an average use 30-40 per cent less energy per tonne of cement than the world average'

Dalmia Cement Bharat emerges highest bidder for 2 coal blocks in Jharkhand

Dalmia Cement Bharat Ltd has emerged as the highest bidder for two coal blocks in Jharkhand that were auctioned for commercial use. While Mahanadi Mines and Minerals Pvt Ltd emerged as the highest bidder for a coal block in Odisha, Yazdani Steel And Power Ltd was the highest bidder for another coal mine in the eastern state, coal ministry said in a statement on Tuesday. Assam Mineral Development Corp Ltd was the higest bidder for a mine in Assam. Five coal mines were put up for auction on the first day of the auction, the statement said. Four coal mines are fully explored and one block is partially explored. The total geological reserve of these five coal mines is 1,188.16 million tonnes. The cumulative peak rated capacity for these coal mines is 5.944 million tonnes per annum.

Dalmia Cement shifts to green fuel to rein in high input cost

Cement demand was not strong in the first half of FY22, but Dalmia Cement expects that to change from December as the vaccination drive ramps up

Dalmia Cement to set up Rs 577 crore plant in Jharkhand's Bokaro

The work on the project will commence in November

Dalmia Cement subsidiary Calcom and GuarantCo settle claims amicably

Sources said, the settlement amount was under Rs 100 crore

Dalmia Cement to move NCLAT against NCLT over subsidiary insolvency case

The cement company is guided by RBI norms and directions, and there stands a strong legal ground for quashing of the NCLT order

Hopes afloat for Dalmia Bharat Cement in bid to acquire Binani Cement

This comes after the Committee of Creditors on Thursday downplayed the alleged fraud by Binani's promoters, saying it was not related to the sale process

Dalmia Cement takes inorganic path to growth; Binani acquisition is crucial

Company sees it as a better time to buy rather than build its own cement assets; Binani deal, in which UltraTech is a hurdle, will boost its capacity to 40 mn tonnes

Dalmia Cement gets CCI nod for the acquisition of Binani Cement

Dalmia Cement's bid for Binani was the best received by the resolution professional and the committee of creditors

Dalmia Bharat Group eyes Rs 1,500 cr business in Odisha

Dalmia Bharat Cement, which manages OCL India Limited in the state, markets cement under the brand name of Konark