Dalmia Bharat Enterprise Ltd is a cement manufacturer with plants in Tamil Nadu and Andhra Pradesh with a capacity of nine million tonnes per annum. The company is engaged in the business of cement, thermal power & other businesses. They operate the business of cement and power through their subsidiaries, namely Avnija Properties Ltd and DCB Power Ventures Ltd.
Dalmia Bharat Enterprises Ltd was incorporated on February 10, 2006 with the name Sri Kesava Mines and Minerals Ltd. In February 19, 2010, the company changed their name from Sri Kesava Mines and Minerals Ltd to DCB Renewable Energy and Industries Ltd. In March 25, 2010, they further changed their name to Dalmia Bharat Enterprises Ltd.
In May 2010, Dalmia Cement, the parent company and KKR had collaborated to invest Rs 750 crore for use in both sequential and merger and acquisition-based growth of the cement making firm.
In September 2010, as per scheme of arrangement, Dalmia Cement (Bharat) Ltd de-merged their cement business, refractory business, thermal power business and certain other businesses (collectively the de-merged Undertakings) and transferred to the company. As part of the scheme, the company further de-merged the cement business to Avnija Properties Ltd (Avnija) and thermal power business to DCB Power Ventures Ltd (DPVL). Thus, the company ceased to be a wholly owned subsidiary of Dalmia Bharat Sugar and Industries Ltd.
In September 2010, the company received Rs 500-crore investment from private equity firm KKR in Avnija Properties Ltd, manufacturer of Dalmia brand of cements.
The company's equity shares were listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE) and Madras Stock Exchange (MSE) with effect from January 24, 2011.
The company is looking to raise funds from some of the private equity (PE) firms to improve their production capacity.