Dalmia Cement ventures into Goa
Engages with 15 dealers in the state
–Dalmia Cement Bharat Limited (DCBL) (BSE Code: 533309|NSE Symbol: DALMIABHA and listed on MSE) a category leader with 24 MNT cement manufacturing and with the third largest manufacturing capacity in the country, today announced the launch of its superior grade cement in the state of Goa. With Goa expected to grow at 5% – 6% in cement sales in the coming year, Dalmia Cement is looking to establish its presence in the state as part of its India expansion. Dalmia Cement has already engaged with 15 dealers in Goa. Dalmia will support these dealers with end-to-end marketing, technical and logistics support and is looking to strengthen its network across the state.
The Goa market will be catered to by Dalmia Cement’s newly established over Rs. 1300-crore plant in Belgaum district, Karnataka which is spread over 380 acres, with a total capacity of 2.5 million tonnes per annum. The plant is the company’s eleventh manufacturing facility which started operations in March 2015.
Speaking on the occasion, Mr. Mahendera Singhi, Group CEO, Dalmia Cement said, “By establishing our presence in the Goa market we wish to achieve a marginal market share by the end of 2016. Built on the most modern technology supplied by KHD Germany, the product will see premium positioning in the business and will deliver superior grade cement, including (Dalmia Ultra Cement with HALC).”
About Dalmia Cement Bharat Limited (DCBL)
Dalmia Cement (Bharat) Limited (DCBL), a subsidiary of Dalmia Bharat Limited (BSE Code: 533309|NSE Symbol: DALMIABHA and listed in MSE), is a leading player in the cement manufacturing since 1939. It is the third largest cement group in India and has been in existence for more than 75 years. With a growing capacity, currently pegged at 24 MnT, Dalmia Cement is a top quartile player in India. The company is also the category leader in super-specialty cements used for oil wells, railway sleepers and air strips and is the country’s largest producer of slag cement. DCBL increased its stake in OCL from 48% to 74.6%. Dalmia Cement joined Cement Sustainability Initiative (CSI), a sector project of World Business Council for Sustainable Development (WBCSD), in 2012. Dalmia Cement has also partnered recently with International Finance Corporation to promote sustainable business. Visit us at http://www.dalmiacement.com