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Published: June 15, 2023
Updated: June 15, 2023
Dalmia Bharat shares are on fire after former Infosys CFO Rajiv Bansal joined as Senior Executive Director to perform as Chief Transformation Officer. Managing Director Mr. Puneet Dalmia would like Mr. bansal to strengthen gials and devise strategies as well as formulating and implementing newer initiatives in order to recast the 80-year old group as a modern cement giant. With access to the latest technology and new markets.
Investors have already cottoned on to the changes in the making and the market value of the company has increased from Rs 15,000 crore to Rs 40,000 crore in the last one and a half years.
The company is getting ready to compete with the Aditya Birla group (Ultratech Cement) and Adani (Ambuja Cement and ACC), with a view to moving up from its current position of fourth largest cement producer in the country. Today, it has a capacity of 41.1 mtpa across 14 cement plants and grinding units spread across 10 states. In December 2022, it acquired the Jaypee group’s 9.4 mtpa capacity for Rs 5,666 crore. Dalmia has already undertaken an ambitious expansion plan to take the capacity to 54 mtpa by 2024 and further to 75 mtpa by 2027 before reaching its target of 120 mtpa by 2031. The company will spend a total of Rs. 19,000 crore to achieve its target of becoming the third largest cement company. The key challenges will be rising competition from Birla-owned Ultratech and Adani-owned Ambuja Cement and ACC. It would be interesting to see how the company tackles these challenges.
February 15, 2025 - First Issue
Industry Review
VOL XVI - 10
February 01-15, 2025
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