Dalmia Bharat Limited, one of the leading cement companies in India, has reported an allaround financial performance for the quarter gone by, with industry-leading volume and revenue growth of 15.9 percent and 20.0 percent YOY respectively. This was achieved alongside meeting the capacity expansion targets of the company. Puneet Dalmia, Managing Director & CEO of Dalmia Bharat Limited, attributed this success to the clarity of the company’s vision, the strength of its brand, and efficient business operations well navigated by a strong leadership team.

Mahendra Singhi, Managing Director and CEO of Dalmia Cement (Bharat) Limited, also expressed satisfaction with the company’s performance throughout the year, despite inflationary pressures. Singhi highlighted that the company’s persistent efforts to enhance the sustainability of operations and rationalise operating costs enabled it to deliver stable earnings performance.

The company has commenced commercial production at its second cement line at Bokaro, Jharkhand, known as Bokaro Cement Manufacturing Works (JCW2), with a capacity of 2.5 MnT. This addition has enhanced the company’s total cement capacity to 41.1 MnT. Additionally, the company has entered into a binding agreement to sell its investment of 1,87,23,743 equity shares of ₹10 each (42.36 percent of share capital) of Dalmia Bharat Refractories Limited for a consideration of ₹800 Cr To check Sarvapriya Healthcare Solutions Private Limited, a promoter group company.

Dalmia Bharat Limited is committed to becoming carbon negative by 2040 and plans to add renewable energy capacities further to reach 324 MW by the end of FY24. The company’s focus on sustainability has earned it several recognitions, including the CII ‘Climate Action Programme, CAP 2.0’ Award and the DL Shah Quality Gold Award for promoting Green Blended Cement and Green Binders.

Dalmia Bharat Limited’s strong financial performance, commitment to sustainability and safety, and continued capacity expansion are a testament to the company’s clear vision, efficient operations, and strong leadership.

For more details visit: https://www.dalmiabharat.com/