Dalmia Bharat at Risk of Losing ₹236 Crore in Incentives as West Bengal Plans to Scrap Subsidies 5 days ago
Dalmia Bharat may lose approximately ₹236.00 crore in incentives due to West Bengal's proposed elimination of various industrial subsidies by 2025. This policy shift could significantly impact the cement company's operations and financial planning in the state. The decision signals a change in West Bengal's approach to business attraction and retention, with potential broader implications for the industrial landscape.
Court Order May Impact ₹236 Crore Incentives for Dalmia Bharat Unit 6 days ago
Dalmia Bharat to Consider Fundraising Proposal in Upcoming Board Meeting May 27, 2025
More news about Dalmia Bharat
07May 25
Dalmia Bharat Shares See Major Block Trade Worth ₹79.95 Crore on NSE
A significant block trade of 405,436 Dalmia Bharat Ltd shares occurred on the National Stock Exchange (NSE) at ₹1,972.00 per share, totaling approximately ₹79.95 crore. This transaction highlights ongoing interest in the cement sector. Dalmia Bharat, a key player in India's cement industry, has a strong presence in eastern, north-eastern, and southern markets.
02May 25
Dalmia Bharat Ltd. Sees Major Block Trade Amidst GST Appeal Developments
Dalmia Bharat Ltd experienced a significant block trade of 509,722 shares at Rs. 1,959.10 per share, totaling Rs. 99.86 crores. The company's subsidiary, Dalmia Cement (Bharat) Limited, faces a confirmed GST demand of Rs. 66,96,277 plus interest and an equal penalty for alleged ineligible Input Tax Credit claims. The company plans to contest this order through a second appeal.
Dalmia Bharat Limited has unveiled expansion plans worth Rs 3,520 crore, including new clinker and grinding units in Karnataka and Maharashtra. This will increase their cement capacity from 49.5 MTPA to 55.5 MTPA by FY27. The company reported mixed financial results for FY25, with a 2% increase in sales volume but declines in revenue, EBITDA, and PAT. Despite challenges, Dalmia Bharat achieved a milestone of 49.5 MTPA installed cement capacity and increased its operational renewable energy capacity. The Board has recommended a final dividend of Rs 5 per equity share.
24Apr 25
Dalmia Bharat: Q4 Results Show Cost Efficiency Amid Volume Challenges
Dalmia Bharat Limited reported mixed results for Q4 FY25. While volumes decreased by 3% year-over-year due to discontinued tolling volumes, the company showed improved cost efficiency. Revenue declined 5.02% to ₹4,091.00 crore. The company reached a production capacity of 49.5 million tonnes per annum in FY25 but faces potential timeline risks for its 75 mtpa target by FY28. Cost reduction strategies, including increased use of renewable energy, have contributed to improved profitability. Systematix has upgraded Dalmia Bharat's stock to 'Buy'. The company plans to invest ₹3,520.00 crore for 6 MT additional capacity.
Dalmia Bharat Limited reported robust Q4 FY25 results with EBITDA up 21% YoY to ₹793 crore and net profit rising 37% YoY to ₹439 crore, despite a 5% revenue decline. The company's strategic focus on cost leadership and operational efficiency helped navigate soft demand and weak pricing. For FY25, revenue decreased 4.8% to ₹13,980 crore. The company commissioned new capacities, announced expansion plans, and continues to lead in sustainability efforts with one of the lowest global carbon footprints in the cement sector. A final dividend of ₹5 per share was recommended.
23Apr 25
Dalmia Bharat Reports Strong Q4 Results with Improved EBITDA and Dividend Announcement
Dalmia Bharat's Q4 FY2024-25 results show improved profitability with net profit rising 38.10% YoY to Rs 435.00 crore, surpassing estimates. EBITDA increased to Rs 793.00 crore, with margin expanding to 19.38%. However, revenue declined 5.02% YoY to Rs 4,091.00 crore. The company announced a final dividend of Rs 5.00 per share. Annual revenue stood at Rs 13,980.00 crore with a net profit of Rs 683.00 crore.
17Apr 25
Dalmia Bharat Subsidiary Faces ₹793.34 Crore Provisional Attachment Order from Enforcement Directorate
Dalmia Cement (Bharat) Limited, a subsidiary of Dalmia Bharat Limited, has received a provisional attachment order from the Enforcement Directorate for land valued at ₹793.34 crore. The order stems from a 2011 CBI case regarding investments in Bharathi Cement Corporation Private Limited. The company is examining the order and plans to defend against it, stating it doesn't impact operations. An investor call is scheduled for April 24, 2025, to discuss financial results.
16Apr 25
Dalmia Bharat Subsidiary Faces ₹793.34 Crore Land Attachment by Enforcement Directorate
Dalmia Cement (Bharat) Limited, a subsidiary of Dalmia Bharat Limited, has received a provisional attachment order from the Enforcement Directorate for land valued at ₹793.34 crore. The order, issued on March 31, 2025, relates to alleged violations of the Prevention of Money Laundering Act, stemming from a 2011 CBI case. The company is examining the order and plans to take appropriate legal action, stating that it does not impact current operations. An investor conference call is scheduled for April 24, 2025, to discuss financial results and address this development.
03Apr 25
Dalmia Bharat Sets Ambitious Cement Capacity Expansion Targets for 2031
Dalmia Bharat plans to expand its cement production capacity to 55.5 MnT by FY27 and 110-130 MnT by 2031, up from the current 49.5 MnT. The expansion includes projects in Belgaum and Pune. However, the company faces a regulatory hurdle with a Rs. 175.49 million tax demand and penalty from the GST authority, which it plans to appeal. Despite this, Dalmia Bharat maintains a strong market position with presence in 23 states and 15 manufacturing plants across India.
01Apr 25
Dalmia Bharat Boosts Cement Grinding Capacity in Bihar
Dalmia Bharat's subsidiary has increased its cement grinding capacity in Rohtas, Bihar from 1.10 MTPA to 1.60 MTPA, marking a 0.50 MTPA expansion. This move strengthens the company's position in the Bihar market and enhances its ability to meet growing cement demand in the region. The expansion aligns with India's increasing cement sector demand driven by construction activities.
31Mar 25
Dalmia Bharat Ltd. Boosts Cement Capacity to 49.5 MTPA with Bihar Plant Expansion
Dalmia Bharat Limited has increased its total cement manufacturing capacity to 49.5 MTPA following a 0.5 MTPA expansion at its Rohtas Cement Works plant in Bihar. The expansion, costing Rs 96 crore, brings the Rohtas plant's capacity to 1.6 MTPA. Commercial production at the expanded unit began on March 30, 2025. This move aligns with Dalmia Bharat's goal to reach 110-130 MTPA capacity by 2031 and strengthens its position in Eastern India's cement market.
17Mar 25
Dalmia Bharat Expands Footprint with New Grinding Unit in Assam
Dalmia Bharat has commenced commercial production at a new 2.4 MTPA grinding unit in Lanka, Assam. An integrated clinker unit with 3.6 MT capacity is also nearing completion, expected to be operational by Q2 FY26. This expansion strengthens the company's presence in Northeast India, enhancing production capabilities and optimizing distribution networks to meet regional demand.
15Mar 25
Dalmia Bharat Expands Footprint: New 2.4 MTPA Cement Grinding Unit Operational in Assam
Dalmia Cement (North East) Limited, a subsidiary of Dalmia Bharat Limited, has started commercial production at its new 2.4 MTPA cement grinding unit in Lanka, Assam. This expansion increases the group's total cement capacity from 46.6 MTPA to 49 MTPA, making it the largest cement manufacturer in North-East India with 8 MTPA capacity in the region. The ₹696 crore project strengthens Dalmia Bharat's presence in the Northeast, where it now operates four cement plants. The company plans further expansion with a 3.6 MnT integrated clinker unit expected to be operational in Q2 FY26.
13Mar 25
Dalmia Bharat Faces Financial Impact from Tamil Nadu Tax Amid Strategic Restructuring
Dalmia Bharat Limited is undergoing significant changes, including a corporate restructuring of its subsidiaries and facing a new financial challenge. The company will incur an additional cost of 1.3 billion rupees annually due to a new Mineral Bearing Land Tax in Tamil Nadu. The National Company Law Tribunal (NCLT) has approved an arrangement between two subsidiaries, Dalmia Cement (North East) and Vinay Cement. Additionally, the company plans to demerge and transfer the cement and mining business from Vinay Cement. These actions aim to streamline operations and improve efficiency while managing external financial pressures.
06Mar 25
Dalmia Cement Expands into Renewable Energy with Strategic Solar Power Investment
Dalmia Cement, a subsidiary of Dalmia Bharat Limited, is acquiring a 34.52% stake in Kilavikulam Rajalakshmi Solar Power Developer for ₹3 crore. This move aligns with the company's sustainability goals, aiming for RE 100 by 2030 and carbon negativity by 2040. The acquisition involves purchasing 30,00,000 equity shares at ₹10 each, expected to complete within two months. The solar project, with a capacity of up to 10 MW in Tamil Nadu, will serve as a captive power source for Dalmia Cement.
28Feb 25
Dalmia Bharat Unveils Ambitious Rs 3,520 Crore Expansion Plan in Karnataka and Maharashtra
Dalmia Bharat Limited has approved a Rs 3,520 crore investment plan to add 6 million tonnes per annum (MnTPA) of cement capacity in Karnataka and Maharashtra. The expansion includes a 3.6 MnTPA clinker unit and a 3 MnTPA grinding unit at the Belgaum plant in Karnataka, and a new 3 MnTPA grinding unit in Pune, Maharashtra. This move will increase the company's total capacity from 46.6 MnTPA to 55.5 MnTPA, aligning with its goal to reach 75 MnTPA by FY28. The expansion aims to meet growing infrastructure demand in Western India and is expected to be commissioned by Q4 FY27.
26Feb 25
Dalmia Bharat's Subsidiary Wins Tax Appeal, Boosting Financial Outlook
Dalmia Cement (Bharat) Limited, a subsidiary of Dalmia Bharat Limited, has successfully appealed against a tax demand related to alleged short payment of Excise Duty. The Office of Commissioner of CGST & CX, Kolkata Appeals-II, has dismissed both the tax liability and associated interest. This ruling eliminates a potential financial burden for the company, with no financial impact expected on DCBL as a result of this decision.