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Dalmia Bharat to terminate job work arrangement of refractory business

13 Feb 2014 Evaluate

Dalmia Bharat has decided to terminate the job work arrangement of the refractory business with effect from March 31, 2014. Pursuant to this, the refractory business of the company would be discontinued from the close of the business hours of March 31, 2014. The board of directors at its meeting held on February 12, 2014 has approved for the same.

Dalmia Bharat is a cement manufacturer with plants in Tamil Nadu and Andhra Pradesh with a capacity of nine million tonnes per annum. The company is engaged in the business of cement, thermal power & other businesses.

Peers
Company Name CMP
Ultratech Cement 11887.30
Ambuja Cement 458.95
ACC 1431.85
Shree Cement 25301.95
Dalmia Bharat 1972.55
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