History

Dalmia Bharat Limited (DBL) is a major cement producer established in 1939 by Mr. Jaidayal Dalmia. It is India’s largest manufacturer of slag cement and is also a category leader in super-speciality cement used for railway sleepers, oil wells, and airstrips. The group made a strategic entry into the sugar business in the mid-90s. The first unit of 2500 TCD was set up at Village Ramgarh in the Sitapur district of U.P. in 1994. During 2006-07, the company set up two greenfield plants at Jawaharpur and Nigohi and expanded existing facilities at the Ramgarh unit. DBL is a fully integrated player with sugar units, power co-generation capacity and a distillery, along with the facilities for processing raw sugar. The company was listed on December 21, 2018. DBL also commissioned solar power plants for Medinipur in October 2021 and Kapilas in November 2021. It built a new alternative fuels and raw materials (AFR) feeding system to simultaneously process different kinds of waste at its Ariyalur plant in Tamil Nadu. Its AQC Boiler was commissioned in August 2021, and its PH Boiler in October 2021 for Kadappa Power. In FY 2022, the company started commercial operation of a new cement grinding plant having a capacity of 2.25 MnT at Dalmia DSP Unit- II near Cuttack, Odisha.

Business Segments

The company has primarily 3 types of products or services, that is cement, sugar and Hippo stores. Cement The company produces the following consumer brands in cement:

1. Dalmia Cements- Available In PSC, PPC, PCC, and OPC varieties, it is suited for high-strength construction and durability.
2. Dalmia DSP- Available In PSC and PPC varieties, this is suitable for foundation, slab and column.
3. Konark- Available In PPC and PCC varieties, this can be used at all stages of construction.
4. Dalmia Infra Pro- It is available In PSC, PPC, PCC, OPC, SRPC, oil wells, and railway sleeper cement varieties.
5. Dalmia Insta Pro- It is a unique blend of special additives for the preparation of solid, hollow and paver blocks and other pre-cast items.
6. Dalmia Infragreen- Available In PSC and PPC variants, it is a water-conserving cement with low water permeability.
7. Dalmia Magic- It is a range of cement-based surface finish solutions alternative to putty.
8. Dalmia Supreme Cement- A new brand included in the portfolio that is a Portland Pozzolana Cement product type and would help consumers build strong and durable homes.

In terms of cement type, it offers the following types, along with the percentage of revenue they bring as of FY 2023: Ordinary Portland Cement: 15% Portland Pozzolana Cement: 46% Plain Cement Concrete: 23% Portland Slag Cement: 16% Sugar The various products of the company have found wide acceptance across Indian markets, including the Indian Army and institutional buyers such as Pepsi, Coca Cola, Mondelez, Heinz, Britannia, Wal-Mart India and Mother Dairy. The company is committed to a ‘Green Growth’ approach. All plants are registered under CDM (Clean Development Mechanism) to help mitigate the impact of greenhouse gas emissions. Hippo Stores Hippo stores are India’s first omni-channel construction solution, which offers the largest and widest range of building construction materials under one platform. Their vision is to be a reliable, competitive and convenient source of all building products and services. They are a Digital First, born in the cloud company trying to capture value across the entire building material value chain. As of FY 2023, they possess over 50,000 square feet of retail stores, bringing forth over 250 product lines in 10 product categories. Subsidiaries The following are some of the subsidiaries of the Dalmia Bharat Group:

1. Dalmia Cement (Bharat) Ltd- Headquartered in New Delhi, the company is a wholly-owned subsidiary of Dalmia Bharat Ltd and is listed on the NSE and BSE. The company administers a manufacturing capacity of 44.6MnT per annum (MTPA), across 15 cement plants and grinding units, which are spread across 10 states, as of March 2023.
2. Dalmia Bharat Green Vision Ltd- A wholly owned subsidiary of DCBL, it was created to set up 3 green field cement projects in Tuticorin, South Chennai and North Bihar in order to add 5.5 MnTPA of cement capacity.
3. Dalmia Minerals and Properties Ltd- It is a wholly owned subsidiary of Dalmia Bharat. The major activities of this organization are mining and quarrying of Calcite, Chalk, Kankar, Limestone, Lime Shell, etc.

Key Personnel

Mr. Gautam Dalmia, Managing Director Mr. Gautam Dalmia is responsible for providing strategic direction to the upcoming projects of the company. He has, over the years, led diverse strategic initiatives successfully. He has also spearheaded the ESG initiatives for the entire Dalmia Group, including the implementation of the new Green Growth strategy. Apart from the cement business, he has played an instrumental role in leading the diversification of the Dalmia Bharat Group into the sugar business in 1994. He continues to mentor the brand’s progress in production, productivity, and long-term stakeholder value. Mr. Puneet Dalmia, Managing Director He has led Dalmia Bharat’s accelerated growth since 2004. Before joining Dalmia Bharat, he had co-founded JobsAhead.com in 1999 and sold it to Monster.com in 2004. In 2017, he received Ernst & Young’s Entrepreneur of the Year award in the manufacturing category. He is also the Chairman of the Development Council for Cement Industry (DCCI), a body set up by the Government of India in June 2021. He also serves as a Founder and Trustee of Ashoka University and is a board member of the Central Square Foundation (CSF).

Corporate Actions

The company has not issued any bonus shares, share buybacks, rights issues, or stock splits in recent times. Mergers and Acquisitions

• In FY 2022-23, DCBL, a wholly owned subsidiary of the organization, gained complete control of the clinker, cement and power plants from Jaiprakash Associates Limited and its associate, with a total cement capacity of 9.4 MnT (along with a clinker capacity of 6.7MnT and Thermal Power plants of 280MW).
• In FY'20, the organization gained complete control of OCL Ltd and Kalyanpur Cement, which was renamed Dalmia DSP Limited.
• In 2016, the board of directors approved the amalgamation of Dalmia Cement East Ltd, Shri Rangam Securities & Holdings Ltd and Dalmia Bharat Cements. Holdings Ltd and their respective shareholders and creditors into Dalmia Bharat Ltd.