Displaying items by tag: Dalmia Bharat

India: Dalmia Cement (Bharat) has commenced cement production at its upgraded 2.9Mt/yr Murli cement plant in Maharashtra. The company invested US$125m to install a new fueling system, waste heat recovery (WHR) plant and solar power plant at the facility. It acquired the plant from Murli Industries for US$55.2m in 2020.

The new commissioning brings Dalmia Cement (Bharat)’s total installed capacity to 35.9Mt/yr.

India: Locals in Odisha’s Malkangiri district gathered in the town of Katamataru on 9 January 2022 to protest plans for the establishment of a new Dalmia Cement (Bharat) cement plant in the area. The New Indian Express newspaper has reported that protestors allege that the state government did not conduct the proper tendering procedures for the proposed plant. More than 2000 people, wielding traditional tribal weaponry, gathered at an assembly. They resolved not to vote at upcoming village council elections if the government continues not to listen to their objections.

India: First Construction Council and the Indian Cement Review have named Dalmia Cement Bharat managing director and chief executive officer (CEO) Mahendra Singhi as Person of the Year at the Cement Expo on Cementing India’s Future for the 2022 financial year. Singhi won the title for his exemplary contribution towards transformational changes in the Indian and global cement sectors, significantly facilitating the transition to a more circular economy. Singhi is the previous president of the Indian Cement Manufacturers Association (CMA) and the previous chair of the National Council for Cement and Building Materials (NCCBM). He has achieved recognition as a Conference of the Parties (COP) 26 Business Leader and a World Bank Group Carbon Pricing Champion.

Singhi said “I am honoured to receive this award on behalf of people with whom I worked in the last 43 years in various companies who have shaped my clean and sustainable journey and I dedicate this award to them. I feel fortunate that I have been able to have visionary mentors and committed colleagues who could support my cemented journey.” He added “I am hopeful about the future as we transition towards newer business models that will drive us to remain profitable, ensure value creation and, at the same time, achieve environmental sustainability.”

India: Dalmia Cement plans to invest US$75.2m in a 2.6Mt/yr expansion to its Bokaro grinding plant in Jharkhand. The company says that the work will increase the plant’s capacity by 70% to 6.3Mt/yr from 3.7Mt/yr. US$33.2m will go towards the installation of new solar power plant. The company will also set up a waste management facility at the site, using US$1.06m of the investment.

Managing director Puneet Dalmia said “As we are further investing in the Eastern India market to participate in its economic growth story, we are also taking our corporate responsibility seriously by placing the utmost importance on environmental protection and social impact. We are confident that the employment generated through our investments and the skill enhancement in our social initiatives will help create a progressive ecosystem where we help people become independent and self-sufficient. We are excited and look forward to partnering with the state to achieve our business, social and sustainability goals.”

India: The Indian Green Building Council (IGBC) has certified the sustainability claims of Dalmia Cement’s portfolio of blended cements. The portfolio consists of composite cement, Portland pozzolan cement and Portland slag cement. The council employed a full-cycle assessment of the cements’ impacts.

Head of sales, marketing and logstics Sanjay Wali said “We see GreenPro’s accreditation as a milestone in our journey to becoming carbon-negative by 2040. This also reaffirms our blended cement products’ green supremacy, which is accelerating the global transition from a grey to green reality.”

India: Dalmia Cement has presented its plans for its planned Bokaro, Jharkhand, grinding plant expansion and heard locals' concerns at a community meeting. The company said that the plant would increase local employment and agreed to compensate communities impacted by its operations. The plans consist of the installation of 2Mt/yr-worth of new grinding capacity on 0.1ha of land.

India: Dalmia Cement plans for 100% of its cement to be low carbon by 2031. The company has a US$405m carbon capture and utilisation (CCU) investment plan to help it to realise its goal. It will also undertake carbon offsetting measures.

Business Line News has reported that the company plans to spend US$1.35bn to increase its installed cement capacity by 52% to 50Mt/yr from 33Mt/yr before the 2024 financial year.

India: Dalmia Bharat’s consolidated cement sales in the first half of the 2022 financial year were 5.1Mt, up by 6.2% year-on-year from 4.8Mt in the first half of the 2021 financial year. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 1.6% to US$178m from US$176m. The company recorded a net profit of US$67.1m during the period, up by 19% from US$56.3m. During the second quarter of the year, which ended on 30 September 2021, Dalmia Bharat commissioned a second line at its Cuttack, Odisha, cement plant and began trial production at its newly acquired Murli cement plant in Maharashtra.

The Orissa Diary newspaper has reported that managing director Puneet Dalmia said "We are pleased with our performance during the quarter. In spite of unprecedented costs related headwinds across all regions, our razor sharp focus on operational efficiencies and execution has helped us contain our costs and deliver an industry-leading performance. We have made considerable progress on our immediate priorities, including expanding our capacity, driving organisational transformation, reinforcing our brand and redefining our corporate governance framework. Looking ahead, we remain focused on further strengthening our momentum to drive sustainable and profitable growth and generate top-tier returns for our stakeholders.” He continued “As India's economy continues to rebound from the lows of last year, we expect the demand and pricing environment for the sector to improve for the rest of the 2022 financial year."

India: Dalmia Cement has begun cement production at the new 2.3Mt/yr Line 2 of it Kapilas cement plant near Cuttack in Odisha. The plant now commands a production capacity of 4.0Mt/yr.

India: Dalmia Cement has signed three memoranda of understanding with the state government of Jharkhand. The memoranda provide that the Dalmia Bharat subsidiary will invest US$104m in expanding its cement operations in the state. The producer’s plans consist of a US$68.5m upgrade and capacity expansion to its Bokaro cement grinding plant. The project will increase the existing production line’s capacity to 3.7Mt/yr and add a new grinding line, bringing the total plant’s capacity to 6.3Mt/yr. In addition the cement producer will spend US$34m towards building a solar power plant and the remainder will be spent on setting up a waste management facility.