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Dalmia Bharat inches up as its JV commissions monolithic refractory production line in MP

Dalmia Bharat inches up as its JV commissions monolithic refractory production line in MP

Dalmia Bharat is currently trading at Rs. 1070.55, up by 0.90 points or 0.08% from its previous closing of Rs. 1069.65 on the BSE.

The scrip opened at Rs. 1079.20 and has touched a high and low of Rs. 1079.20 and Rs. 1066.00 respectively. So far 38 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 1220.00 on 05-Apr-2019 and a 52 week low of Rs. 903.00 on 23-Jan-2019.

Last one week high and low of the scrip stood at Rs. 1141.65 and Rs. 1054.00 respectively. The current market cap of the company is Rs. 20657.18 crore.

The promoters holding in the company stood at 54.26%, while Institutions and Non-Institutions held 21.28% and 24.39% respectively.

Dalmia Seven, a Joint Venture (JV) between the Dalmia Bharat Group and Seven Refractories of Europe and part of the Group’s refractory business, has launched new Monolithics production line at its 7 acres facility in Katni in the state of Madhya Pradesh (MP).

Dalmia Seven is a leading supplier of monolithics in India. The new production line is the ‘first-of-its-kind’ in India and equipped to manufacture a wide range of advanced monolithic refractories. With an enhanced capacity of 45000 MT per annum, the expansion will help meet the rising demand of high grade refractory products from Iron & Steel and Cement producers in India.

Dalmia Bharat Group is a leading national player in India’s core manufacturing sector since 1939. A leader in specialty cements and the country’s largest producer of slag cement, Dalmia Bharat is the world’s greenest cement company.

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