March 22nd, 2010
As a part of its restructuring plan, Dalmia Cement (Bharat) Ltd is set to hive off its cement, power and refractory businesses into its unit Dalmia Bharat Enterprises, and list it on the stock exchanges by the end of the year.
On the rationale behind the move, Managing Director Punit Dalmia said it would increase transparency and accelerate growth. "Post demerger, Dalmia Cement (Bharat) will be a sole sugar company and will be renamed after the scheme is approved by the courts and the regulators. Also Dalmia Bharat Enterprises, which will be a cement-and-power company and which will house all our cement assets, will have access to growth in the cement and power sector."
As a part of its restructuring plan, Dalmia Cement (Bharat) Ltd is set to hive off its cement, power and refractory businesses into its unit Dalmia Bharat Enterprises, and list it on the stock exchanges by the end of the year.
On the rationale behind the move, Managing Director Punit Dalmia said it would increase transparency and accelerate growth. "Post demerger, Dalmia Cement (Bharat) will be a sole sugar company and will be renamed after the scheme is approved by the courts and the regulators. Also Dalmia Bharat Enterprises, which will be a cement-and-power company and which will house all our cement assets, will have access to growth in the cement and power sector."
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