The cement maker will put up a better show than the industry average on growth numbers, asserts Mahendra Singhi
Ind-Ra will continue to monitor the developments in the case. DCBL has scheduled repayments of Rs 10 billion and Rs 14 billion in FY20 and FY21 respectively.
DCBL has proposed to set up a new unit of 2.25 million tonne per annum cement manufacturing plant and 3 mtpa clinker manufacturing capacity at Rajgangpur.
Senior Executive Director and group head B K Singh told PTI that the new cement, to be first made available in Tamil Nadu, was developed by Dalmia's research team.
OCL India, a subsidiary of Dalmia Cement Bharat, has approached authorities to merge Dalmia Cement East with itself for consolidating operations in the eastern part of the country
The company has received approval from the Competition Commission of India (CCI) for the acquisition of 15 percent of share capital of Dalmia Cement Bharat.
"Dalmia Bharat Ltd (DBL) signed a definitive agreement with KKR, under which it will acquire KKR's 15 percent stake in DCBL in return of KKR getting 8.5 percent stake in DBL as well as Rs 600 crore in cash," Dalmia Bharat Group MD Punit Dalmia had said in January.
Dalmia Cement Bharat Ltd today said it has acquired Meghalaya based Adhunik Cement for Rs 560 crore.