Dalmia Bharat consolidates East India Operations leading to enhanced synergies
Board of Directors today announced the amalgamation of OCL India Limited and Dalmia Cement East Limited ‘Bokaro’ with Odisha Cement Limited (shall be renamed as OCL India Limited), amalgamation of Adhunik Cement with Dalmia Cement (Bharat) Limited (DCBL) and transfer of power assets in Dalmia Cement Bharat Power Ventures Limited to DCBL.
The Company enhanced its commitment in adding value to its shareholders by consolidating East operations and further simplifying the corporate structure leading to significant unrealized benefits. Post consolidation, OCL would emerge as one of the largest Portland Slag Cement producer in India.
About DBL
Dalmia Bharat Limited (DBL) is a pioneer in the cement manufacturing for over seven decades since 1939. With an expanding India footprint, the company is a category leader in all kinds of cement including super-specialty cements used for oil well, railway sleepers and air strips. Dalmia Bharat Group has strong foothold in Southern and Eastern India (including North East India). The Company continues to produce best quality cement at lowest cost; maximizing efficiencies being the ultimate goal. The Group with current capacity of 25 million tonnes is one of the leading Cement Groups in the Indian cement industry. Visit us at https://www.dalmiabharat.com.