Company Profile

Pursuant to Regulation 40(10) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, Dalmia Bharat Sugar and Industries has informed that it enclosed the certificate from Savita Jyoti Associates, Practicing Company Secretaries, for the financial year ended March 31, 2024.

The above information is a part of company’s filings submitted to BSE.

Dalmia Bharat Sugar and Industries’ board has accorded its in-principal approval for setting up a Greenfield Sugar Plant in Uttar Pradesh for a capacity of upto 8000 TCD cane crush, 20MW Cogen and 60KLPD distillery to be set up in phased manner commensurate with the cane development activities in the area. 

For the first phase of 4000 TCD cane crushing capacity with 10 MW Cogen (to be operational from SS 26-27), the Board has sanctioned a capital outlay of Rs 350 crore, which will get financed partly through internal accruals and partly through debts. The existing capacities are Sugar – 38450 TCD, Distillery – 710 KLPD and Cogen – 126 MW. Same are 100% utilized. The Board of Directors of the Company has, at its meeting held on November 06, 2023, accorded its in-principal approval for the same. 

Dalmia Bharat Sugar and Industries has been one of the fastest-growing success stories in the Indian sugar industry. The company is mainly engaged in manufacturing of sugar, generation of power, manufacturing of Industrial alcohol and manufacturing of refractory products.

Dalmia Bharat Sugar And Industries is currently trading at Rs. 477.05, up by 9.70 points or 2.08% from its previous closing of Rs. 467.35 on the BSE.

The scrip opened at Rs. 483.75 and has touched a high and low of Rs. 490.05 and Rs. 471.30 respectively. So far 16860 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 490.05 on 7-Nov-2023 and a 52 week low of Rs. 310.50 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 490.05 and Rs. 444.15 respectively. The current market cap of the company is Rs. 3782.70 crore.

The promoters holding in the company stood at 74.91%, while Institutions and Non-Institutions held 1.21% and 23.88% respectively.

Dalmia Bharat Sugar and Industries’ board has accorded its in-principal approval for setting up a Greenfield Sugar Plant in Uttar Pradesh for a capacity of upto 8000 TCD cane crush, 20MW Cogen and 60KLPD distillery to be set up in phased manner commensurate with the cane development activities in the area. 

For the first phase of 4000 TCD cane crushing capacity with 10 MW Cogen (to be operational from SS 26-27), the Board has sanctioned a capital outlay of Rs 350 crore, which will get financed partly through internal accruals and partly through debts. The existing capacities are Sugar – 38450 TCD, Distillery – 710 KLPD and Cogen – 126 MW. Same are 100% utilized. The Board of Directors of the Company has, at its meeting held on November 06, 2023, accorded its in-principal approval for the same. 

Dalmia Bharat Sugar and Industries has been one of the fastest-growing success stories in the Indian sugar industry. The company is mainly engaged in manufacturing of sugar, generation of power, manufacturing of Industrial alcohol and manufacturing of refractory products.

Hindustan Petroleum Corporation (HPCL) and Nasdaq-listed battery swapping company Gogoro have signed an initial pact to set-up battery swapping stations across the country in the coming years. As part of the collaboration, Gogoro will develop a broad battery swapping infrastructure for electric two-wheelers, as it will roll out battery swapping stations across HPCL's retail outlets throughout the country.

Dalmia Bharat Sugar and Industries’ board has accorded its in-principal approval for setting up a Greenfield Sugar Plant in Uttar Pradesh for a capacity of upto 8000 TCD cane crush, 20MW Cogen and 60KLPD distillery to be set up in phased manner commensurate with the cane development activities in the area. The Board of Directors of the Company has, at its meeting held on November 06, 2023, accorded its in-principal approval for the same. 

Bharat Forge has reported 51.78% rise in its consolidated net profit at Rs 214.86 crore for the quarter under review as compared to Rs 141.56 crore for the same quarter in the previous year. Total income of the company increased by 22.56% at Rs 3826.67 crore for Q2FY24 as compared Rs 3122.27 crore for the corresponding quarter previous year.

Force Motors has reported the production, sales and export of the vehicles for the month of October 2023. The company’s production of Small Commercial Vehicles (SCV) & Light Commercial Vehicles (LCV) stood at 2,228 units and Utility Vehicles (UV), Sports Utility Vehicles (SUV) & Tractors stood at 624 units. The company’s domestic sales for SCV & LCV stood at 1,696 units and sales of UV, SUV & Tractors stood at 558 units. The company has exported 448 units of SCV & LCV in month of October 2023 and 2 units of UV, SUV & Tractors.

Cipla has received approval from board of directors to transfer Generics Business Undertaking as a going concern on a slump sale basis to Cipla Pharma and Life Sciences (CPLS), a wholly owned subsidiary of the Company. Effective date for completion of transfer to CPLS would be end of business hours of December 31, 2023, or such other date mutually agreed between the parties. The consideration to be received from such sale will be Rs 350 crore. The Board of Directors of the company at its meeting held on November 06, 2023 have inter alia, approved the same.

TruCap Finance is planning to raise funds by way of issuance of convertible securities by such mode as permitted under the Companies Act, 2013 and Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended and subject to such approvals as may be required. The meeting of the Board of Directors of the Company will be held on on November 09, 2023, inter alia, to consider the proposal for the same. 

Adani Energy Solutions hasreported results for second quarter ended September 30, 2023 (Q2FY24). Thecompany has reported over 3- fold jump in its net profit at Rs 105.38 crore forQ2FY24 as compared to Rs 32.12 crore for the same quarter in the previous year.Total income of the company increased by 12.12% at Rs 395.30 crore for Q2FY24as compared Rs 352.56 crore for the corresponding quarter previous year. Onconsolidated basis, the company has reported 46.08% rise in its net profit atRs 284.09 crore for the quarter under review as compared to Rs 194.47 crore forthe same quarter in the previous year. Total income of the company increased by11.55% at Rs 3766.46 crore for Q2FY24 as compared Rs 3376.57 crore for thecorresponding quarter previous year.