OCL India to merge Dalmia Cement East with itself

Industry:    June, 2016

KOLKATA: OCL IndiaBSE 1.34 %, a subsidiary of Dalmia Cement Bharat, has approached authorities to merge Dalmia Cement East with itself for consolidating operations in the eastern part of the country.

While OCL India is a listed entity, Dalmia Cement East is unlisted.

“We have approached appropriate authorities for the merger of Dalmia Cement East with OCL India which looks after eastern operations of Dalmia Cement Bharat,” CEO and Director of OCL India, Amandeep, said.

Launching a premium cement brand here today, Amandeep told reporters that OCL’s market share in West Bengal is 15-16 percent, making it the second-biggest player in the state.

“We are expecting a robust growth here,” he said.

He said demand for cement in West Bengal is expected to grow 10-11 percent during the current fiscal, adding that the four plants in the east have a capacity of 8.8 million tonnes.

Average capacity utilisation at the plants, which are located in West Bengal, Odisha, and Jharkhand, is above 70 percent, he said.

The combined capacity of Dalmia Cement Bharat is 25 million tonnes. The company invested Rs 600 crore in setting up its plant in West Bengal.