Dalmia Bharat Group has disclosed an investment of Rs 2,000 crore in order to expand the capacity of its cement plant in Odisha. Group Company Dalmia Cement Bharat Ltd has 74.6 stakes in OCL India.
As of now, Odisha is on a high economic growth trajectory and its GDP is anticipated to grow at around 12 per cent by 2020. The state government’s commitment to industrial development driven by industry-friendly policies has already started highlighting positive results.
Good governance and stable political leadership have been one of the important factors that have aided investors show faith in investment in the State. Also, there has been a rising improvement in business sentiment all over in Odisha because of investor friendly policies. The concept of a Smart City will be upgraded if the government centres more on road and power infrastructure. With government’s focus on affordable housing and Smart cities, cement can expect incremental growth in demand over the coming five years.
Cement demand in India is anticipated to increase because of the government push for large infrastructure projects, leading to 45 million tonne of cement needed in the coming three to four years. India's cement demand will hopefully reach 550-600 million tonne per annum (mtpa) by 2025. In order to meet the rise in demand, the cement industry is expected to add about 56 million tonne capacity over the next three years.
Intraday on Monday, Dalmia Bharat share price is quoting below 6 per cent at Rs. 1538.05. The stock opened at Rs. 1619.45 against its previous closing at Rs. 1625.30. Throughout the entire day, around 15,290 shares were traded in the counter with a traded value of Rs. 240.00 lacs, as per NSE. Dalmia Bharat is analyzed by Dynamic Levels as the top 500 performing stocks for this quarter among the 1700 stocks which are listed on the NSE. For further details on the stock, refer to Dalmia Bharat share price forecast.
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