Company Profile

Dalmia Bharat has informed that Dalmia Cement (Bharat) (‘DCBL’) wholly owned subsidiary of the Company, has received order on May 3, 2024 at 10:50 am under Section 73 of the Central Goods and Services Tax Act, 2017 and Jharkhand Goods and Services Tax Act, 2017 from the Additional Commissioner - CGST & Central Excise Commissionerate, Ranchi, Jharkhand for demand of penalty of Rs 5,23,966 due to claim of ineligible input tax credit and reversal thereof for FY 2018-19. This case relates to erstwhile Dalmia Cement East Limited which has since been merged with DCBL. On receipt of the order, it was noticed that there has been an apparent error in imposition of penalty in the order passed and accordingly, DCBL has submitted a revision petition to Additional Commissioner for correcting the same. DCBL expects relief in penalty imposed as aforesaid. The details as required under Regulation 30 of the Listing Regulations read with SEBI circular dated SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are provided in the Annexure.

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

Pursuant to Regulations 30 and 47 of Listing Regulations, Dalmia Bharat has informed that it enclosed a copy of newspaper notice published today on April 25, 2024, in Financial Express (English-all editions- National) and Dinamani (Tamil-all editions), informing, for Audited financial results of the Company for the quarter & year ended March 31, 2024. The same has been made available on the Company’s’ website at www.dalmiabharat.com.

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

Tata Steel's Indian business has registered 4.47% rise in output at 5.38 million tons (MT) in Q4FY24 as compared to 5.15 MT it had produced during Q4FY23. Its deliveries report marginal rise to 5.41 MT in the Q4FY24 period from 5.15 MT a year ago. In full year, its production stood at 20.76 MT, while deliveries stood at 19.90 MT. 

Titan Company has registered a revenue growth of 17% Year-on-Year (Y-o-Y) in Q4FY24. A total of 86 stores (net) were added in the quarter. The retail network presence stands at 3,035 stores. Its Jewellery domestic operations grew 19% YoY led by both buyers and same store sales clocking healthy double digit growths. Growth was similar across gold (plain) and studded segments. Tanishq added a new store in Dubai and Chicago (USA) during the quarter. Of the 27 new store additions (net) in India, 11 stores were added in Tanishq and 16 stores were added in Mia.

Vodafone Idea’s board has approved issuance of up to 139.54 crore equity shares at Rs. 14.87 each, aggregating to Rs 2,075 crore to Oriana Investments. The Board also approved an increase in Authorised share capital of the company from Rs 75,000 crore to reference to Rs 1 lakh crore.

Mahindra EPC Irrigation has been awarded contracts worth around Rs 13.2 crore. The contract is for supply of Micro Irrigation Systems. The order is to be executed within 12 months. 

JSW Energy has raised Rs 5,000 crore through Qualified Institutions Placement (QIP). The company has raised fund by selling shares to institutional investors, including Abu Dhabi Investment Authority (ADIA), to accelerate its growth plans. The proceeds from the QIP will further bolster its capital structure, enhance financial flexibility and enable the company to accelerate its ambitious growth plans. The QIP witnessed more than 3.2 times subscription. 

Dalmia Bharat’s wholly owned subsidiary -- Dalmia Cement (Bharat) (DCBL) has entered into Share Purchase Agreement (SPA), Deed of Accession (DOA) and Power Purchase Agreement (PPA) on April 5, 2024, to acquire 18.13% of equity share capital of O2 Renewable Energy V, consisting of 68,99,293 equity shares around to Rs 7.80 crore in one or more tranches to source wind power as a captive consumer for a capacity upto 11 MW located in the State of Karnataka.

Cochin Shipyard (CSL) has signed the Master Shipyard Repair Agreement (MSRA) with United States Navy. The MSRA is a non-financial agreement and is effective from April 05, 2024. This will facilitate repair of US Naval vessels under Military Sealift Command in CSL. 

Dalmia Bharat’s wholly owned subsidiary -- Dalmia Cement (Bharat) (DCBL) has entered into Share Purchase Agreement (SPA), Deed of Accession (DOA) and Power Purchase Agreement (PPA) on April 5, 2024, to acquire 18.13% of equity share capital of O2 Renewable Energy V, consisting of 68,99,293 equity shares around to Rs 7.80 crore in one or more tranches to source wind power as a captive consumer for a capacity upto 11 MW located in the State of Karnataka.

The acquisition is in order to enhance its source of renewable power supply to achieve group’s commitment towards RE 100 by 2030 and carbon negative by 2040. The renewal power (wind) will qualify as captive consumer under the Electricity Act/ Rules.

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.

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), Dalmia Bharat has informed that Dalmia Cement (Bharat) (‘DCBL’), wholly owned subsidiary of the Company, has entered into Share Purchase Agreement (‘SPA’), Deed of Accession (‘DOA’) and Power Purchase Agreement (‘PPA’) on April 5, 2024, to acquire 18.13% of equity share capital of O2 Renewable Energy V, consisting of 68,99,293 equity shares aggregating to Rs 7,80,99,997, in one or more tranches to source wind power as a captive consumer for a capacity upto 11 MW located in the State of Karnataka. The transaction is subject to customary conditions precedents and expected to be completed within a period of 8 weeks. The details as required under Regulation 30 of the Listing Regulations read with SEBI circular dated SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are provided in the Annexure hereto.