Dalmia Bharat trades higher on the BSE
Dalmia Bharat is currently trading at Rs. 1695.00, up by 7.25 points or 0.43% from its previous closing of Rs. 1687.75 on the BSE.
The scrip opened at Rs. 1700.00 and has touched a high and low of Rs. 1718.90 and Rs. 1686.85 respectively. So far 969 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2126.55 on 02-Mar-2024 and a 52 week low of Rs. 1664.20 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 1789.80 and Rs. 1665.00 respectively. The current market cap of the company is Rs. 31698.51 crore.
The promoters holding in the company stood at 55.84%, while Institutions and Non-Institutions held 23.90% and 20.26% respectively.
Dalmia Bharat, through its subsidiaries, is planning a strategic investment of around Rs 3,520 crore in the states of Maharashtra and Karnataka to establish a 3.6 MnTPA clinker unit and a 3 MnTPA grinding unit at its existing Belgaum plant, Karnataka coupled with a new greenfield split grinding unit with a capacity of 3 MnTPA in Pune, Maharashtra. The capex will be funded through a combination of debt and internal accruals. With this expansion, the company’s total installed cement capacity will increase to 55.5 MnTPA, after considering the ongoing expansion of 2.9 MnT at Assam and Bihar. These new units are expected to be commissioned by Q4 FY27.
The Belgaum Grinding Unit will cater to the underserved Southern Maharashtra markets while enhancing share in the existing region by improving penetration. On the other hand, Pune Grinding Unit will entirely cater to the untapped Western Maharashtra markets. The initiative is a part of the company’s vision to be a PAN India player and achieve 75 MnTPA capacity by FY28 and 110-130 MnT by 2031.
Dalmia Bharat has emerged as one of the most respected cement manufacturers in India, contributing to nation-building through adequate capacity creation, consistently high quality standards and value-added products.
