Dalmia Bharat gains as its arm signs three MoUs to invest Rs 758 crore in Jharkhand

30 Aug 2021 Evaluate

Dalmia Bharat is currently trading at Rs. 2072.80, up by 41.40 points or 1.79% from its previous closing of Rs. 2031.40 on the BSE.

The scrip opened at Rs. 2038.10 and has touched a high and low of Rs. 2071.25 and Rs. 2038.05 respectively. So far 5243 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2403.90 on 29-Jul-2021 and a 52 week low of Rs. 651.95 on 01-Sep-2020.

Last one week high and low of the scrip stood at Rs. 2200.00 and Rs. 1888.05 respectively. The current market cap of the company is Rs. 38756.71 crore.

The promoters holding in the company stood at 55.97%, while Institutions and Non-Institutions held 18.93% and 25.10% respectively.

Dalmia Bharat’s wholly owned subsidiary --Dalmia Cement (Bharat) has signed three Memorandum of Understandings (MoUs) with the Government of Jharkhand to invest Rs 758 crore in the state. Dalmia Cement will invest Rs 500 crore in its manufacturing unit at Jharkhand Industrial Area Development Authority Bokaro. In addition to expanding its existing capacity of 3.7Mnt through debottlenecking, the company plans to set up a new grinding unit, taking the overall cement manufacturing capacity at Bokaro to 6.3 MTPA.

In line with its commitment to curb carbon emissions, the company has signed a pact with the Govt of Jharkhand to set up a solar power plant to provide clean energy to the state. The company will further invest Rs 250 crore for establishing the solar power plant. Besides this, another MoU was signed for solid waste management wherein the company will invest Rs 8 crore for setting up Material Recover Facility and Legacy waste-Bio Mining activity for solid waste management under Ranchi Municipal Corporation.

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.

Dalmia Bharat Share Price

1815.00 25.80 (1.44%)
17-May-2024 16:01 View Price Chart
Peers
Company Name CMP
Ultratech Cement 9887.00
Ambuja Cement 620.00
ACC 2523.40
Shree Cement 26205.00
Dalmia Bharat 1815.00
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