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News Dalmia Bharat and OCL India Plan to merge

Dalmia Bharat and OCL India Plan to merge

Written by Global Cement staff 07 November 2016
  • Print

India: Dalmia Bharat and OCL India have agreed to merge creating the fourth largest cement producer in the country with a production capacity of 25Mt/yr. Dalmia Bharat already owns a 75% share in OCL and the merger has been described as a move to ‘simplify the ownership’, according to Puneet Dalmia, managing director of Dalmia Bharat Group, in comments to the Economic Times.

“The merger will simplify the holding structure and create further consolidation in the cement sector,” said Dalmia. “This action further strengthens our position as one of the leading cement players in India, uniquely placed to support India’s economic growth, and demonstrates our commitment towards achieving simplification and consolidation.”

Last modified on 09 November 2016
Published in Global Cement News
Tagged under
  • India
  • Dalmia Bharat
  • Dalmia
  • OCL India
  • Merger
  • GCW276

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