spot_img

Puneet Yadu Dalmia Appointed As MD & CEO, Dalmia Cement

Puneet Yadu Dalmia Appointed As MD & CEO, Dalmia Cement

The board of directors of Dalmia Cement (Bharat) (DCBL), a wholly owned subsidiary of Dalmia Bharat, has approved the appointment of Puneet Yadu Dalmia as Managing Director & CEO for a period of five years with effect from December 8, 2023, the company informed in a BSE filing.

The board also approved the appointment of Mahendra Singhi as Strategic Advisor to Managing Director & CEO with effect from December 9, 2023. Singhi will also act as non-executive non- independent director of DCBL.

Dalmia Bharat had reported an increase of 161.70 % in its consolidated net profit during the quarter ended September 30, 2023. Its profit after tax stood at Rs 123 crore in Q2 FY24 as against Rs 47 crore it recorded in the corresponding quarter of the previous fiscal.

In October 2023, the board of Dalmia Cement (Bharat) had approved the proposal to increase cement grinding capacity by 0.5 MTPA at Rohtas Cement Works, Bihar. Plants existing capacity is at 43.7 MTPA and the proposed capacity will be added by FY25. The company had announced an investment of Rs 91 crore for the expansion.

Disclaimer: The views expressed in this feature article are of the author. This is not meant to be an advisory to purchase or invest in products, services or solutions of a particular type or, those promoted and sold by a particular company, their legal subsidiary in India or their channel partners. No warranty or any other liability is either expressed or implied.
Reproduction or Copying in part or whole is not permitted unless approved by author.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

Sign Up for CXO Digital Pulse Newsletters

Sign Up for CXO Digital Pulse Newsletters to Download the Research Report

Sign Up for CXO Digital Pulse Newsletters to Download the Coffee Table Book

Sign Up for CXO Digital Pulse Newsletters to Download the Vision 2023 Research Report

Download 8 Key Insights for Manufacturing for 2023 Report

Sign Up for CISO Handbook 2023

Download India’s Cybersecurity Outlook 2023 Report