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.
While OCL India is a listed entity, Dalmia Cement East is unlisted.
"We have approached appropriate authorities for the merger of Dalmia Cement East with OCL India which looks after eastern operations of Dalmia Cement Bharat," CEO and Director of OCL India, Amandeep, said.
Launching a premium cement brand here today, Amandeep told reporters that OCL's market share in West Bengal is 15-16 per cent, making it the second-biggest player in the state.
"We are expecting a robust growth here," he said.
He said demand for cement in West Bengal is expected to grow 10-11 per cent during the current fiscal, adding that the four plants in the east have a capacity of 8.8 million tonnes.
Average capacity utilisation at the plants, which are located in West Bengal, Odisha and Jharkhand, is above 70 per cent, he said.
The combined capacity of Dalmia Cement Bharat is 25 million tonnes. The company invested Rs 600 crore in setting up its plant in West Bengal.
Commenting on the brand's footprint in Odisha, Anirban Paul
Chowdhury also said, "Dalmia Cement is one of the foremost home-grown brands in India with substantial presence in South, East and North East. Since its launch in Odisha last year, it has cut through barriers to reach out to the people of Odisha and connected well with the end users with innovative marketing initiatives. The Ratha structure at Puri on the occasion of Ratha yatra is another opportunity for us to connect with our audience. The response has been good so far and we expect the bondage to strengthen further as we move on from here."
Dalmia Cement has been pioneering in slag cement with many befitting cement types for different stages of construction. By using slag, a waste material from steel industry, as its raw material, Dalmia Cement has proven determination to stay environment-friendly. It has been recognized as World's Greenest Cement for its low carbon footprint based on GNR (Getting the Numbers Right) data of World Business Council for Sustainable Development's Cement Sustainability Initiative.
Dalmia Cement (Bharat) Ltd.
Dalmia Cement (Bharat) Limited (DCBL), a subsidiary of Dalmia Bharat Limited (BSE Code: 533309|NSE Symbol: DALMIABHA and listed in MSE), is a leading player in cement manufacturing since 1939. It is one of the largest and most diverse cement companies in India and is the world's greenest cement company. With a growing capacity, currently pegged at 25 MnT, Dalmia Bharat Cement is also the fourth largest manufacturing capacity in the country. Spread across eight states and 11 manufacturing units, the company is also the category leader in super-specialty cements used for oil wells, railway sleepers and air strips and is the country's largest producer of slag cement. Visit us at http://www.Dalmiacement.Com
About Dalmia Bharat Group
Dalmia Bharat Group (http://www.Dalmiabharat.Com) is a leading national player in India's core manufacturing sector since 1939. With a turnover of over 10,000 crore it has a leadership position in Cement, Sugar, Refractories. A leader in specialty cements and the country's largest producer of slag cement, Dalmia Bharat is the world's greenest cement company. And a leader in Sustainability best practices set to global benchmarks. In generic sugar, the group caters to several marquee brands. It has an enduring and growing customer base in refractories.
Media Contact:
Deepak Patra
Manager - Corporate Communications
OCL India Limited
patra.Deepak@ocl.In
+91-9831040535
Source: Dalmia Bharat Limited.
