The boards of Dalmia Bharat Limited and OCL India (OCL) received approval to merge the two entities. This will create the fourth largest cement maker in the country with an installed capacity of 25 million tonnes per annum and annual revenues of about Rs 10,000 crore.
Nisha Poddar of CNBC-TV18 was joined by Puneet Dalmia of Dalmia Bharat, Anil Singhvi of Ican Investments Advisors and Vikram Hosangady of KPMG to understand the big deal between JP Associates and UltraTech Cement, and other deals in the offing.
Supplified.com, founded by Goel along with SPR Buildtech Director Nalin Saluja, started its operations a few months ago aiming to tap huge opportunity in the unorganised construction materials market.
"The fact that the new age customer is younger, internet-savvy, and is willing to pay for standardisation and quality, makes this business even more exciting for us," Buildzar.com Co-Founder, Chief Executive and MD Vineet Singh said.
Hemant Kanoria, CMD, SREI Infra, does not think the Bengal government is pushing for development because it goes into polls next year
Watch the interview of Puneet Dalmia, the Managing Director of cement major Dalmia Bharat Group & Nitin Bansal with Nayantara Rai on CNBC-TV18, in which they talked about their company Prithu and how it is different from others since it will focus on green homes and bring in a level of transparency that is not synonymous with Delhi's builders.
"Puneet Dalmia, MD, Dalmia Bharat Group, has in his individual capacity made an initial investment of Rs 50 crore in Prithu, a start-up in the realty sector," Dalmia Bharat Group said in a statement.
In an interview with CNBC|-TV18, Puneet Dalmia, MD, Dalmia Bharat said the company is planning to fund the deal through cash surplus and internal accruals. At present, the company is looking to ramp up sales in the new company.
In 2008 Young Turks, Puneet Dalmia, Managing Director of Dalmia Cement had been an inspiration to several young entrepreneurs. He is now on a mission to conquer Mount Everest. He wants to take the group revenues to over USD 10 billion by 2015.
Puneet Dalmia, the managing director of DBEL, in an interview on CNBC-TV18 says his company has no plans at present to list the power company, although they are looking at scaling up their power business. “It is too small to list at this point in time.”