Tag: dalmia bharat

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Consolidation in cement to continue, expects 7-8% industry growth in FY26: Dalmia Bharat

representative image NEW DELHI: Sector consolidation in the cement industry by the big players is expected to continue as the leading companies are likely to enhance their capacity share to more than 60 per cent in the next two years, said the Dalmia Bharat leadership. Moreover, Dalmia Cement expects a bounce back in growth to 7-8 per cent for the cement sector in FY26, which witnessed a subdued cement demand growth of around 5 per cent last year amidst the general elections and erratic rains, according to the latest annual report of India’s fourth-largest cement manufacturer. “We believe that the…

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Dalmia Bharat, Birla Corp incentive demand at risk after West Bengal scraps subsidy schemes

KOLKATA: Two major companies, Dalmia Bharat Ltd and Birla Corporation, said that about Rs 430 crore in promised state incentives may now be at risk after the West Bengal government scrapped several industrial subsidy schemes in 2025. An official of Dalmia Cement (Bharat) Ltd (DCBL), a wholly owned subsidiary of Dalmia Bharat, stated that it was supposed to receive Rs 236.32 crore along with 8 per cent interest under the now-revoked ‘WB State Support for Industries Scheme 2013’. Dalmia Bharat operates a cement plant with a capacity of four million tonnes in Paschim Midnapore district. Birla Corporation Ltd, another affected…

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Jaiprakash Associates creditors extend bid deadline by 15 days

Creditors to Manoj Gaur-promoted Jaiprakash Associates Ltd (JAL), led by National Asset Reconstruction Co Ltd (NARCL), have decided to extend the timeline for submission of bids by another 15 days from June 9. The decision was taken at the meeting of the committee of creditors (CoC) over the weekend after requests from some bidders for more time to submit their bids. “Some bidders requested for more time and NARCL, which is the largest creditor, has agreed. This will be conveyed to all stakeholders on Monday,” said a person familiar with the process, who did not wish to be identified. NARCL…