Dalmia Bharat Recorded a Growth of 15.6% in Installed Capacity During FY2024

Dalmia Bharat Limited, one of the leading cement manufacturers, recently released its results for the quarter and year ended March 31, 2024. During FY2024, the company witnessed a growth of 11.8% on a YoY basis to 28.8 MnT. The installed cement capacity rose by 15.6% YoY to 44.6 MnT, and it has been recognised as one of the lowest carbon footprints in global cement at 460 kgCO2/Ton of Cement. The company’s board declared a final dividend of ₹5 per share (250%) of the face value of ₹2 per share for FY2024. However, this is subject to the approval of shareholders in the AGM.

During the quarter ended March 31, 2024 (Q4 FY2024), the company entered into a Share Purchase Agreement, Deed of Accession and Power Purchase Agreement to acquire 18.13% of the equity share capital of O2 Renewable Energy V Private Limited in one or more tranches to source wind power as a captive consumer for a capacity up to 11 MW. The said translation is in line with the company’s commitment towards RE100 by 2030 & Carbon Negative by 2040.

“Cement sector has a pivotal role in India’s growth story, and infrastructure, housing and private capex will drive the demand growth for the next decade and beyond. During FY24, we delivered volume growth of 11.8% at 28.8Mnt and EBITDA growth of 13.4% at ₹2,639 crore. We will continue to work on gaining market share and improving realisations while deepening the cost leadership. I remain excited about the tremendous opportunity ahead and believe that we are on a clear path of accelerated growth backed by sustainable business investments, a strong Balance Sheet and a dedicated team,” said Mr Puneet Dalmia, Managing Director and CEO of Dalmia Bharat Limited.

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