Dalmia Cement (Bharat) Ltd (DCBL), a wholly-owned subsidiary of Dalmia Bharat, has received two show cause notices totalling Rs 266.3 crore from the Sales Tax Office. The notices are "issued under section 74 of the Central GST/Tamil Nadu GST Act 2017 for AY 2019-20 and AY 2022-23, the concerned Sales Tax Officer, Lalgudi, Tiruchirapalli, Tamil Nadu," according to a regulatory filing from Dalmia Bharat. For Assessment Year 2019-20, the authorities demanded a tax of Rs 128.39 crore along with a penalty of Rs 19.25 crore. For 2022-23, the show-cause notice has demanded a tax of Rs 59.32 crore, along with a penalty of the same amount. This pertains to some differences observed in taxable turnover and amount of ITC (input tax credit) for the assessment years 2019-20 and 2022-23, it said. "The Orders were received on November 28, 2025," the company said, adding "there will be no financial impact on DCBL" from these show-cause notices. Founded in 1939, Dalmia Bharat is the fourth-larges
Cement maker Dalmia Bharat on Friday reported a multi-fold increase in consolidated net profit at Rs 239 crore for the second quarter ended September 2025, helped by improved sales realisation, reduction in expenses etc. The company had posted a net profit of Rs 49 crore in the July-September quarter a year ago, according to a regulatory filing from Dalmia Bharat. Its revenue from operations was up 10.68 per cent to Rs 3,417 crore in the September quarter. This was at Rs 3,087 crore in the corresponding period of the previous fiscal. Total expenses of Dalmia Bharat in the September quarter were at Rs 3,165 crore, up 2.52 per cent. Its "EBITDA increased by 56 per cent year-on-year to Rs 1,013/ton," it said. Dalmia Bharat's total income, which includes other income, was at Rs 3,483 crore, up 10.22 per cent in Q2/FY'26 In the first half of this fiscal (H1/FY'26) , Dalmia Bharat's total income was up nearly 5 per cent to Rs 7,168 crore. "During the quarter, our revenues improved by
Sector consolidation in the cement industry by the big players is expected to continue as the leading companies are likely to enhance their capacity share to more than 60 per cent in the next two years, said the Dalmia Bharat leadership. Moreover, Dalmia Cement expects a bounce back in growth to 7-8 per cent for the cement sector in FY26, which witnessed a subdued cement demand growth of around 5 per cent last year amidst the general elections and erratic rains, according to the latest annual report of India's fourth-largest cement manufacturer. "We believe that the demand growth will bounce back to 7-8 per cent Y-o-Y in FY26, driven by healthy demand from all key drivers- housing, infrastructure building and private investments. The year is also expected to benefit with stronger pricing and a focus on cost savings," said its Managing Director Gautam Dalmia and Managing Director and CEO Puneet Yadu Dalmia. Over the pace of sectoral consolidation, they said it has increased during th
Dalmia said that the company is optimistic on the sector in the long-term, even as margins remain weak in the short-term
Will be the first cement plant in the country to run entirely on renewable energy
Sales volumes for the quarter under review was at 6.8 million tonnes (mt), up 8.1 percent from a year ago
The US International Development Finance Corporation (DFC) on Wednesday committed USD 30 million to Dalmia Polypro Industries for building a plastic recycling facility in Maharashtra. Dalmia, which produces high-quality recycled materials from post-consumer plastic waste, will raise the money from external commercial borrowing (ECB) route to fund the new recycling facility in Nashik, DFC said in a statement. It said the new facility will support improvements in India's plastic waste value chain and expand the capacity to reduce plastic waste, DFC's regional managing director for South Asia, Ajay Rao, said. The statement said the facility will have a recycling capacity of 1,71,000 metric tonne per year, and help Dalmia Polypro develop food-grade recycled materials and applications. The facility will produce high quality recycled PET (rPET), PP (rPP) and HDPE (rHDPE) flakes and granules and will be partially powered by renewable energy and biofuel. An agreement for the facility was
Consolidated net profit rose to Rs 589 crore ($71.90 million) in the quarter ended March 31 from Rs 266 crore a year earlier
Price wars led by increasing capacities and aggressive competition may mar prospects
Deal will give buyer entry into high-growth markets of UP and MP, may turn the firm into a net debt company from almost debt free now
Indian CEOs are expecting a decline in growth prospects of companies and the country, but are expecting to bounce back in the short-term, a report said
Jaypee-owned firm undergoing bankruptcy process
Cement maker Dalmia Bharat on Friday reported an uptick in consolidated profit at Rs 640 crore for the fourth quarter ended March 31, 2021, on account of higher revenue from operations and tax credit
Rural demand will continue to outperform urban demand and companies having higher individual home builder exposure will remain better placed
In 2008, GuarantCo had guaranteed a loan availed by Calcom from Axis Bank and HDFC Bank
Promoters currently hold 64.79 per cent in the company, while foreign portfolio investors have an 11.88 per cent stake.
In recent years, cement companies like Birla Corporation have also taken a similar path - come up with a flagship brand as part of its plans to become a national player
Calcom Cement denies default, says financial creditor is using IBC only to put pressure
The CCI had earlier approved merger of cement manufacturers Lafarge and Holcim in country