Economy & Market
Dalmia Cement raises stake in OCL
Dalmia Cement (Bharat) has increased stake in OCL India to 74.6 per cent from 48 per cent through transfer of shares among the promoters. The move is part of Dalmia Cement´s consolidation strategy. OCL India is one of the largest cement entities in Eastern India with plants in Odisha and West Bengal. As part of consolidation and growth of the cement sector, Dalmia Bharat Group has been strategically acquiring assets and creating new assets in Southern, Eastern and North-Eastern India. With the consolidation, the Dalmia Group´s regional capacity mix stands at 48 per cent in South and 52 per cent in East and North East. Dalmia Cement (Bharat) has invested around Rs 2,000 crore in expanding its business in North East over the past two years.