Dalmia Bharat is in the cement manufacturing and selling business. The company was founded in 1939 and has a capacity of 37 MT, focusing on the South (12.1 MT), East and North East (21.2 MT) and West (2.9 MT). The company is a market leader in South and East India, and it is aggressively expanding its presence throughout the country. Its goal is to become a pan-India cement manufacturer with a cement manufacturing capacity of 130 MTPA by 2030. It expects to increase capacity over the next decade from 35.9 MTPA in FY22 to around 110-130 MTPA with an interim target of 48.5 MTPA by March 2024. The company is also engaged in the refractory business through Dalmia Cement (Bharat) Limited. During the year, it has been transferred to an independent entity.
Recently, Dalmia Bharat inked a binding framework agreement for acquiring clinker, cement and power plants from Jayprakash Associates, the flagship company of Jaypee Group and its associates. The acquisition will have a total cement capacity of 9.4 MT along with a clinker capacity of 6.7 MT and thermal power plants of 280 MW. These assets are situated in the states of Madhya Pradesh, Uttar Pradesh and Chhattisgarh. Dalmia Bharat will acquire the cement assets from Jaypee Associates at an enterprise value of `5,666 crore. The company stated that the acquisition will enable the company to expand its footprint into the central region and will represent a significant step towards the realisation of its vision to emerge as a pan-India cement company with a capacity of 75 million tonnes by FY27 and 110‐130 million tonnes by FY31.
Sector Highlights
この記事は Dalal Street Investment Journal の January 02, 2023 版に掲載されています。
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この記事は Dalal Street Investment Journal の January 02, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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