OCL takes shape
ODCL will have to issue one share of the company of Rs 10 face value for every one of Rs 2 face value held by the shareholder of OCL India, according to the scheme of arrangement and documents disclosed on the company's website. This transaction gives ODCL (post scheme of amalgamation) an equity value of Rs 5,640 crore. Growth And Market Share The group has boosted its cement capacity at a compounded annual growth rate of 35 percent since the financial year 2005-06. From 1.2 million tonnes in 2006, the company's capacity has risen to 25 million tonnes by March 2016. 52 percent of its capacity is in eastern India, while 42 percent is in southern India. It has a 12.9 million tonne capacity in eastern India, thereby making it the largest player in that region with 14 percent market share. The company has 12.1 million tonne capacity and 7 percent market share, making it one of the top five firms in the market. Since 2012, the company made four acquisitions, all in the eastern market.