21
THIS IS DALMIA Since its inception in 1935 Dalmia Cement (Bharat) Ltd. – DCBL has been paving the way for excellence over a period of 7 decades. Blending the enthusiasm of the young with the experience of the old it has been our people and our management that has been the driving force behind our growth story. We believe in providing a friendly and open door culture as well as the steady opportunity to work in the best areas as well as explore our employees individual capacity which keeps them motivated and increases their efficiency. OUR ESSENCE The year 1939 saw the establishment of one of India’s first cement plants with an installed capacity of 250 tonne cement per day-we as DCBL had just arrived. The plant today has grown by manifolds in terms of capacity. We as a group too have expanded both in terms of vision as well as business interests ranging from harnessing of the bounty of iron-ore and magnesite in the country, Travel and export activities. These diversifications were an effort to build and contribute to the development of basic industrial materials. The year 1993 saw us foraying into the Sugar business with an installed capacity of 2500 TCD. Today alongwith the Cement business, Sugar business is one of the key growth engines of DCBL. Apart from establishing our footprints across various business segments we have also kept up our pace of excellence. In 1993, DCBL became the first company in South India to obtain ISO 9002 certification and second in the country among the Indian Cement Plants. In 2004, we became an ISO 14001 Certified company. Our efforts in sustaining growth with responsibility have merited us many notable awards for Energy Conservation & Efficiency, Safety, Health & Environment issues from the Government and other reputed agencies. Today, we stand as one of the most profitable players in the industry, with sustainable high margins and strong financials backing our efforts. Our vision which balanced the changing needs with our corporate imperatives, our organization has grown over the years taking us to new heights and building onto our strengths. Today we stand on a strong foundation of high organizational values and business ethics through which we have cemented our growth. Our business has year on year moved up the value chain with a consistent record of making profits and paying dividends, making the company financially strong and stable. With a total income of over Rs 2194 crores DCBL has business interests in two major segments, Cement and Sugar. Our objective is to grow further and be among the top manufacturing industries today. In this course, our cement business has grown with an increased production capacity from 1.5 million tonnes [MT] in the past to the current installed capacity of 9 MT. Also our sugar business since its commencement in 1994, has grown to have three Integrated Sugar Mills in the State of Uttar Pradesh with total installed capacity of 22,500 tonnes of cane crush per day leading to sugar manufacturing of about 300,000 MT per annum, distillery capacity of 80 KL per day & cogeneration facility. With the launch and commencement of its two Greenfield projects in the Kadapa district of Andhra Pradesh and Ariyalur in Tamil Nadu with a total 5MN tonnes capacity, DCBL has expanded its cement footprint in the Southern India. DCBL also holds a stake of 45.4 % in OCL India Ltd., a major cement Player in the Eastern Region. Dalmia Cement now controls a cement capacity of 14.3 million tonnes & has a strong presence in Southern & Eastern Regions of the Country. This parabolic growth in last few years is a testament of our determination to grow into a leadership position. Our aim is to sustain the growth that we have witnessed for the past years as well as forge ahead with the ambitious plan we have envisioned for ourselves with the help of professional Management team under the guidance of the experienced promoters of the Group.

This is Dalmia

Embed Size (px)

Citation preview

Page 1: This is Dalmia

THIS IS DALMIA 

Since its inception in 1935 Dalmia Cement (Bharat) Ltd. – DCBL has been paving the way for excellence over a period of 7 decades. Blending the enthusiasm of the young with the experience of the old it has been our people and our management that has been the driving force behind our growth story. We believe in providing a friendly and open door culture as well as the steady opportunity to work in the best areas as well as explore our employees individual capacity which keeps them motivated and increases their efficiency.

OUR ESSENCE

 The year 1939 saw the establishment of one of India’s first cement plants with an installed capacity of 250 tonne cement per day-we as DCBL had just arrived. The plant today has grown by manifolds in terms of capacity. We as a group too have expanded both in terms of vision as well as business interests ranging from harnessing of the bounty of iron-ore and magnesite in the country, Travel and export activities. These diversifications were an effort to build and contribute to the development of basic industrial materials. The year 1993 saw us foraying into the Sugar business with an installed capacity of 2500 TCD. Today alongwith the Cement business, Sugar business is one of the key growth engines of DCBL.

Apart from establishing our footprints across various business segments we have also kept up our pace of excellence. In 1993, DCBL became the first company in South India to obtain ISO 9002 certification and second in the country among the Indian Cement Plants. In 2004, we became an ISO 14001 Certified company. Our efforts in sustaining growth with responsibility have merited us many notable awards for Energy Conservation & Efficiency, Safety, Health & Environment issues from the Government and other reputed agencies.

Today, we stand as one of the most profitable players in the industry, with sustainable high margins and strong financials backing our efforts. Our vision which balanced the changing needs with our corporate imperatives, our organization has grown over the years taking us to new heights and building onto our strengths. Today we stand on a strong foundation of high organizational values and business ethics through which we have cemented our growth.

Our business has year on year moved up the value chain with a consistent record of making profits and paying dividends, making the company financially strong and stable. With a total income of over Rs 2194 crores DCBL has business interests in two major segments, Cement and Sugar. Our objective is to grow further and be among the top manufacturing industries today. In this course, our cement business has grown with an increased production capacity from 1.5 million tonnes [MT] in the past to the current installed capacity of 9 MT. Also our sugar business since its commencement in 1994, has grown to have three Integrated Sugar Mills in the State of Uttar Pradesh with total installed capacity of 22,500 tonnes of cane crush per day leading to sugar manufacturing of about 300,000 MT per annum, distillery capacity of 80 KL per day & cogeneration facility. With the launch and commencement of its two Greenfield projects in the Kadapa district of Andhra Pradesh and Ariyalur in Tamil Nadu with a total 5MN tonnes capacity, DCBL has expanded its cement footprint in the Southern India. DCBL also holds a stake of 45.4 % in OCL India Ltd., a major cement Player in the Eastern Region. Dalmia Cement now controls a cement capacity of 14.3 million tonnes & has a strong presence in Southern & Eastern Regions of the Country. This parabolic growth in last few years is a testament of our determination to grow into a leadership position.

Our aim is to sustain the growth that we have witnessed for the past years as well as forge ahead with the ambitious plan we have envisioned for ourselves with the help of professional Management team under the guidance of the experienced promoters of the Group.

Quality of our products and Innovation is what has made us, unique in the Indian Cement Industry. We have given India several vital projects from dams to critical defense installations and created special cements for special applications with newer and innovative technologies. This spirit of innovation has fuelled the development of specialty cements for special needs, – which includes strengthening Airstrips, concretizing Railway Sleepers, cementing Oil Wells, etc. In this journey of success we have always been the benchmark of the latest and best technology with an endurance to achieve noteworthy milestones.

The homegrown talent of its people has fueled the commendable growth of the company. DCBL has been and is committed to its people, and considers them to be vital to our success. To this end we focus on creating opportunities for growth and diversity for all our employees. We foster an environment that is supportive of their personal and professional development, so that they may maximise the opportunity to achieve their career goals.

Being a value based organization our approach has been based on our guiding principles of mutual respect, dignity, responsibility, ownership, commitment, honesty, initiative, innovation, collaboration, and faith. This strong foundation is what has been leveraged for attracting the best talents in the industry for decades to be part of the success and growth. Looking ahead, the company expects to create leaders at every level, and evolve the company into a high productivity organization based on its strong ethos. We aspire to create an organization that will continue to lead and strive to meet the expectations of its customers, employees and shareholders for generations to come.

Page 2: This is Dalmia

»»» OUR HISTORY 

Founded in 1935 by Jaidayal Dalmia; the cement division of DCBL was established in 1939 and enjoys a heritage of 70 years of expertise and experience. We are headquartered in New Delhi with cement, sugar, travel agency, magnesite, refractory and electronic operations spread across the country. The Dalmia Group had established four cement plants in pre-independence years, two of which were affected by the partition and Independence. The two remaining plants operate as Dalmia Cement and we have also made strategic investment in Orissa Cements Limited(OCL). Managed by a professional team, we have sustained the path to innovation and growth for seven decades. Early on in our history we learnt that a strong business is an amalgamation of strong relationships. The key to establishing such relationships is to learn from each other, to enjoy a spirit of camaraderie, and to recognize and identify with their needs of the people we work with. Today with their rich experience we have been able to broaden our horizons to include a holistic approach to the best practices in the industry. DCBL prides itself on having been at the forefront of pioneering and introducing many new technologies, which exist today, which are followed by others in the industry. DCBL has been and continues to be an industry leader in the niche market segments.

This timeline highlights some of the significant moments that took place over the years and shows how our business has evolved.

 

  

 MILESTONE

http://www.dalmiacement.com/home/history.htm

 

Vision and valuesTo consistently surpass expectations of all stakeholders.” 

»» LEADING INNOVATION

Page 3: This is Dalmia

   

 

Dalmia Cement has the distictionof being one of the first cement companies in

INDIA to be awarded the ISO 9000 certification

 

 

1976 One of the Leaders in the Production of High Strength Special Cement required for Air strips & for Manufacture of Concrete Railway Sleepers 

1986

 

First to produce OWC in India to API specification  Click Here To enlarge

1991 Recognizing Dalmia Cement (B) Ltd., as centre of excellence for transfer of technology, World Bank DANIDA team sponsored a Regional Training Centre at Dalmia Cement (B) Ltd., Dalmiapuram to cater the needs of South Indian Cement Industries. 

1993

 

First to obtain ISO 9002 certification South India and Second in India among IndianCement Plants. Click Here To enlarge

Page 4: This is Dalmia

2004

 

Obtained ISO 14001 Certification from BIS Click Here To enlarge

  National Awards  

2003

 

CII Encon MissionChoosen by CII as a Model Plant for Engery Efficiency. Click Here To enlarge

2008

 

National Award for Excellence in Energy Management 2007 conferred by Confederation of Indian Industry [CII] – Godrej GBC

  Energy Awards  

1999

 

National Award for Energy Efficiency in Indian Cement Industry Awarded By:National Council for Cement and Building Materials Ranking:Best Improvement in Electrical Energy Performance Click Here To enlarge

Page 5: This is Dalmia

 

2001

 

 

National Energy Conservation Award Awarded By:Bureau of Energy Efficiency – Ministry of Power, New Delhi Ranking:1st Place in Energy Conservation in the Cement Sector Click Here To enlarge

 

 

 

National Award for Energy Efficiency in Indian Cement Industry Awarded By:National Council for Cement and Building Materials Ranking:Second Best improvement in Thermal Energy Performance  Click Here To enlarge

 

 

National Award for Excellence in Energy Management Awarded By:Confederation of Indian Industry Ranking:Excellent Energy Efficient Unit  Click Here To enlarge

Page 6: This is Dalmia

 

2002

 

 

National Energy Conservation Award Awarded By:Bureau of Energy Efficiency – Ministry of Power, New Delhi Ranking:1st Place in Energy Conservation in the Cement Sector Click Here To enlarge

 

 

 

National Award for Excellence in Energy Management Awarded By:Confederation of Indian Industry Ranking:Energy Efficient Unit 

Click Here To enlarge

 

 

 

National Award for Energy Efficiency in Indian Cement Industry Awarded By:National Council for Cement and Building Materials Ranking:Best Improvement in Electrical Energy Performance

Click Here To enlarge

Page 7: This is Dalmia

 

 

 

National Award for Energy Efficiency in Indian Cement Industry Awarded By:National Council for Cement and Building Materials Ranking:Best Improvement in Thermal Energy Performance

Click Here To enlarge

2003-04 National Council for Cement and Building Materials Energy Efficiency AwardNational Award for Best Electrical Energy Performance in Indian Cement Industry. 

2003-04 Confederation of Indian Industry National Energy Management AwardEnergy Efficient Unit 

2004-05 Confederation of Indian Industry National Energy Management AwardEnergy Efficient Unit 

2008-09 National Award for Energy Efficiency & Environmental Excellence Awarded By:National Council for Cement and Building Materials  Ranking:Second Best Environmental Excellence award in plant operation 

  Site Awards      

2003

  

Leadership & Excellence Award in Safety, Health & Environment Awarded By:Confederation of Indian Industry Ranking:Commendation in SHE Performance - 2003 Click Here To enlarge

     

     Next 

 

LEADING INNOVATION

 

  Environmental Awards  

2003-04 Environmental Excellence Award Awarded By:National Council For Cement and Building Materials 

Page 8: This is Dalmia

Anational Award for Second Best Environmental Excellence in Plant Operation, in Indian Cement Industries 

   

   

2000-01 Environmental Excellence Award Awarded By:National Council For Cement and Building Materials Anational Award for Environmental Excellence in Limestone Mines in Indian Cement Industries

     

     

  Safety, Health & Environment Awards  

2004 Leadership & Excellence Award in Safety, Health & Environment Awarded By:Confederation of Indian Industry Commendation in SHE Performance

   

   

2003 Leadership & Excellence Award in Safety, Health & Environment Awarded By:Confederation of Indian Industry Commendation in SHE Performance

     

     

  Safety, Health & Environment Awards      

     Back 

     

 

»» EXECUTIVE TEAM

    

  

Page 9: This is Dalmia

   

JH Dalmia, Vice Chairman

Mr. J. H. Dalmia, 63, holds a B.E. degree in electrical engineering from Jadavpur University and a Master's degree in electrical engineering from the University of Illinois, Urbana Champagne. He has more than 36 years of experience cutting across various industries which includes wide knowledge and experience of refractory, sugar and cement businesses.

Mr. J.H. Dalmia has vast experience in research and development having personally received several patents for the Company's businesses and has been instrumental in establishing the Company’s research and development efforts more than 20 years ago. 

 _____________________________________________________________________

 

YH Dalmia, Vice Chairman

Mr. Y. H. Dalmia, 60, holds a B.Com (Hon) degree from Delhi University and is a Fellow Member of the Institute of Chartered Accountants of India. He has more than 35 years of experience in the cement industry. Mr. Y.H. Dalmia has served as President of the Cement Manufacturers Association and is a known figure in the cement industry.

 _____________________________________________________________________

 

Gautam Dalmia,   Joint   Managing Director

Mr. Gautam Dalmia, 40, holds B.S. and M.S. degrees in electrical engineering from Columbia University. He has 15 years of experience in the cement and sugar industries. He was part of the team that led the diversification of the Company into sugar business in 1994. He was personally responsible for implementing a new strategy to turnaround the sugar business. He has led the effort to design and implement the Company’s integrated sugar, ethanol and cogeneration business. He is directly responsible for managing the sugar business and is leading all operations and execution of cement projects besides providing leadership to the commercial functions for the group.

 _____________________________________________________________________

 

Puneet Dalmia, Managing Director

Mr. Puneet Dalmia, 35, holds a B.Tech. degree from the Indian Institute of Technology, Delhi and is a gold medalist from the Indian Institute of Management, Bangalore in strategy and marketing. He has eleven years of experience in the industry having started his career as the co-founder and Chairman of one of the most profitable e-recruitment websites in India, JobsAhead.com, which was later acquired by Monster.com, a Nasdaq listed multinational company. Mr. Puneet Dalmia conceptualized the growth strategy and governance architecture for the Company to focus on its core businesses and is spearheading the growth plans for the group.

 _____________________________________________________________________

 

Page 10: This is Dalmia

Mr.T.Venkatesan

Mr. T. Venkatesan, 55 years, Whole-time Director, is a B.A. (Economics) and a fellow member of the Institute of Chartered Accountants of India. He brings with him a rich experience of over 28 years having commenced his career with Thiru Arooran Sugars Limited in the finance and accounts department. He has worked with reputed companies such as Eicher Tractors Limited, Triveni Engineering Limited and the Aditya Birla group. In his previous assignment with the Sterlite Group, he was instrumental in spearheading the expansion from 180 KTPA to 400 KTPA, as CEO for Sterlite Industries' copper business. In addition he was also holding additional charge as CEO and director on the Board of Vedanta Alumina Limited and has successfully implemented a Rs. 5000 crores project in the State of Orissa. His expertise lies in accelerating growth and building organisational capability to ensure delivery of business goals. In his present capacity he is responsible for operations and future growth of cement segment.

 

Expansion plansDalmia Cement lines up Rs 4,200 cr expansion

Dalmia Cement Bharat Ltd (DCBL) will invest over Rs 4,200 crore to set up greenfield plants pan-India with a capacity

of 10 million tonne per annum (mtpa) for its wholly-owned subsidiary Dalmia Cement Ventures Ltd (DCVL), a company

spokesperson said.

Dalmia Cement plans Rs 3500 cr investment | Dalmia Cements planning to double capacity | More India business

stories

DCBL is exploring the eastern zone where coal linkage facilities are easily available and has identified four-five sites for

the proposed expansion, sources said.

"We already have a presence in West Bengal through our 21.7% stake in OCL India Ltd. So we are looking at West

Bengal as an option. We are putting up our greenfield projects so we can move out of the southern belt," the

spokesperson said. OCL India Ltd's present capacity of 2 mtpa is being expanded to 4 mtpa.

About 78% of DCBL's revenues come from the cement business and the company, which operates a 3.5 mtpa plant in

Tamil Nadu, has aggressive expansion plans. It hopes to up capacity to 8 mtpa by year-end.

Page 11: This is Dalmia

DCBL is also looking to buy coal mines to slash import costs. It currently imports coal from Indonesia and South Africa.

"The cost for coal has risen by 100% in the international market and prices of raw materials like fly ash and gypsum

have also skyrocketed. So for long-term benefits, we are looking to achieve self-sufficiency in coal," the spokesperson

said.

Rising freight charges, steel prices and energy costs are affecting the company's capex planned for future projects. It

might have to scale up investments if this scenario persists, the spokesperson said.

DCBL is setting up two greenfield cement plants at Kadapa at Andhra Pradesh and Ariyalur at Tamil Nadu with a total

capacity of 4.5 million tonne per annum.

Construction of the Andhra project is expected to be completed by November this year and the Tamil Nadu project by

June 2009. DCBL started the construction in 2007 with a planned initial investment of Rs 1,550 crore. The company

spent Rs 750 crore on both these projects till June 2008.

More India business stories

In the June quarter, DCBL's net sales grew at 19% to Rs 415 crore from Rs 348 crore in the same quarter last year. Its

cement business posted a volume growth of 5% in the said quarter. Net sales of the cement business grew to Rs 323

crore from Rs 271 crore in the first quarter of FY08, a jump of 19%.

Under license from www.3dsyndication.com

Dalmia Cement to set up plants in Karnataka, Rajasthan

CHENNAI: Dalmia Cement, South India’s second largest cement maker, has raised over Rs 3,100 crore ($660 million) in debt through a consortium of bankers, which will be used to fund its expansion plans, according to the company’s managing director Puneet Dalmia. 

“We have raised it, a week back. We are adding 10 million tonnes in India in a phased manner and this will be deployed over the next 2-3 years,” Mr Dalmia told ET on Monday. 

The money was raised through Dalmia Cement  Ventures, a wholly owned subsidiary of Dalmia Cement.While IDBI is believed to be one of the key bankers in the consortium, there were no details available on the duration of the loan or the interest charged on the same. 

In an earlier interview, Mr Dalmia had said that the company is focussed on becoming a pan-India player over a 10-year period. While the company is present in the South through Dalmia Cement (Bharat) and in the east through a sister company OCL, it is planning to deepen its presence in these regions and also establish its footprint in North India. 

“We are taking a long-term view and want to add 30-35 million tonnes (per annum) by 2020. This will require a lot of capital. With internal accruals and debt, we should be able to fund some part of this expansion. However, we are also looking at raising equity at the right time and price,” Mr Dalmia had said. 

While Dalmia has a total group cement capacity of 14 million tonnes, it is planning to add 10 million tonnes in the next phase. Mr Dalmia said the total project cost for the company’s next phase of expansion is likely to be in the range of a billion dollars.  

The company is planning to add capacities in Karnataka, Meghalaya, Himachal Pradesh, Rajasthan and Madhya Pradesh.  

On the demand front, Mr Dalmia said that while the company has been seeing very healthy demand in the first five months of the financial year, the excess supply getting added towards the end of the year could put a strain on the prices. 

“We have been positively surprised by the demand. We think the stimulus package is working very well. However, a lot of

Page 12: This is Dalmia

supply is coming in. I think in the fourth quarter of this year, we will see 20 million tonnes of new capacity being commissioned. And that’s likely to put a downward pressure on prices,” he said.

Dalmia Cement (Bharat): Buy

Metro rail projects, higher spending on road development and housing for the poor ensure good demand in Tamil Nadu.

Page 13: This is Dalmia

 Conveyor belt at the company’s Kadapa unit that carries limestone from the mine to the raw mill.

Rajalakshmi Sivam

Aggressive plans for expanding cement capacities by entering new markets, newly commissioned capacity which is set to contribute to revenues this year and good prospects for the sugar business argue for investing in the stock of Dalmia Cement (Bharat), which trades at 10 times its trailing one-year earnings. About 74 per cent of the company’s revenues are derived from cement, 20 per cent from sugar and the rest from refractories (material used for lining inner surface of furnaces). The company’s cement business is strongly placed in its home market of South India, with a sizeable addition (five million tonnes per annum) to capacity in the last six months. The current installed capacity is nine mtpa, which DCBL plans to enhance by another 18-20 million tonnes over the next 10 years

Demand in the South

The company’s current capacities are all centred in the South — a 4 mtpa unit in Dalmiapuram and a 2.5 mtpa unit in Ariyalur, both in Tamil Nadu; and a 2.5 mtpa unit in Kadapa, Andhra Pradesh.

Of this, both Kadapa and Ariyalur are recently commissioned units which will begin contributing to revenues and earnings only from this fiscal.

The Southern region, which reported sluggish growth in cement demand in May and June, caught up in July with a 10 per cent growth in despatches against the all-India average of 11 per cent. One near-term worry for players in the region is the recent capacity additions — of the total 20 million tonnes of cement capacity added during FY-09, 16 million tonnes were in the South. This has brought down average utilisation rates for cement units in the region to 82 per cent now from the 92 per cent of last year.

In the long term, however, the South looks a promising region with State governments according priority to infrastructure and urban development projects. The metro rail projects, higher spending on road development for rural connectivity and housing for the poor may, for instance, ensure good demand in the home State of Tamil Nadu.

Diversification to help

Dalmia Cement also has ambitious plans to expand its geographic presence outside of the South. It aims at becoming an all-India player with a total capacity of 35 mtpa at the end of ten years. Including the 5.3 mtpa of OCL India, in which the company has a 21.7 per cent stake, the company controls capacity of 14.3 mtpa currrently.

With two units of capacity totalling 6 mtpa at Belgaum and Gulbarga, the company is planning an entry into Karnataka.

Page 14: This is Dalmia

Also on the cards are units in Himachal Pradesh (4 mtpa), Meghalaya (2 mtpa), Rajasthan (4 mtpa) and Madhya Pradesh (2 mtpa). In Rajasthan and MP, the company has procured land and preliminary activities are on. Limestone belts have been identified in all these regions.

While this expansion bid will no doubt add scale and diversify revenues, the Northern and Western markets are already intensely competitive with several established brands.

The mode of financing for this massive Rs 7,200-crore expansion is also as yet uncertain, with the company evaluating the options of private-equity funding and a follow-on public offer, both of which will entail equity dilution.

As the company’s current debt-equity ratio stands at 1.8:1, further room to increase borrowings is limited. Net debt outstanding, as of March ’09, was Rs 2,338 crore (higher over the previous year by 48 per cent).

Apart from cement, Dalmia Cement controls sizeable crushing capacities for sugarcane at 22,500 tonnes per day. The company has seen a steady increase in its sugar output and realisations over the past five years, with the company marketing 1,62,000 tonnes of sugar in 2008-09 (75,000 in 2004-05).

Prospects for the sugar business (21 per cent of revenues in 2008-09) are bright over the medium term, given the big domestic shortfall in sugarcane output and tight demand-supply equation.

Prospects

With sugar prices doubling from their lows, realisations for producers can be expected to expand sharply this year. Already, as a result of buoyant sugar prices in 2008-09, DCBL’s EBIDTA margin (of the sugar division) improved from 9 per cent in FY-08 to 17 per cent in FY-09. With the sugar operations just turning profitable at the net level in 2008-09, one can expect a sharp improvement in sugar contributions to the profitability this fiscal.

While there may be price-driven improvement in profits for sugar, the cement operations may see margin expansion as result of falling coal prices. Substitutes have been used for high-cost inputs used in the raw mill and fuels deployed in the kiln.

DCBL’s operating margins have shrunk significantly (from 41 per cent in FY-07 to 28 per cent in FY-09) in the last two-year period mainly due to the rise in coal and other input costs (fly ash and gypsum).

The company will, however, see some relief in costs as inventory is replenished this quarter. New captive power plants (of 300 MW) which the company intends to put up at Kadapa and Ariyalur will also drive savings in cost.

Related Stories:Cement, sugar biz boost Dalmia net in Q1Dalmia Cement scouting for land to set up new unitsDalmia to amalgamate subsidiary

More Stories on : Cement | Stocks | Recommendation

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Dalmia Cement to invest $1 billion on fresh expansionThe firm’s wholly-owned subsidiary, Dalmia Cement Ventures Ltd, is aiming to create 10 million tonnes per year of capacity across five plants in Rajasthan and Karnataka

Email Print

Page 15: This is Dalmia

del.icio.us

digg

newsVine

font size

Reuters

New Delhi: Dalmia Cement (Bharat) unit will invest up to $1 billion over the next three years to expand capacity to meet the

infrastructure demand from a fast-growing economy, a senior company official said.

The firm’s wholly-owned subsidiary, Dalmia Cement Ventures Ltd, is aiming to create 10 million tonnes per year of capacity

across five plants in Rajasthan and Karnataka.

“Cement industry has linkage to gross domestic product growth. If GDP has to grow, infrastructure has to grow, cement has to

grow,” Somnath Patil, senior executive director-finance, told Reuters in an interview on Wednesday.

South India-focussed Dalmia operates a 3.5 million tonnes a year plant in Tamil Nadu.

Mergers and Acquistion (M&A), PE deals

KKR- Dalmia Cement signed a deal worth US$ 159.57 million in May 2010.

French cement company Vicat acquired a 51 per cent stake in Bharathi Cement Company Ltd, promoted by Y S Jagan Mohan Reddy, Member of Parliament, to tap the southern markets, which represent 40 per cent of the total Indian cement market.

Government Initiatives

The cement industry is pushing for increased use of cement in highway and road construction. The Ministry of Road Transport and Highways has planned to invest US$ 354 billion in road infrastructure by 2012. Housing, infrastructure projects and the nascent trend of concrete roads would continue to accelerate the consumption of cement.

Page 16: This is Dalmia

Vision mission and objectives The pursuit of excellence along with constant innovation to adapt to the changing tikes has been the driving force behind all initiatives at Dalmia Cement (Bharat) Ltd [DCBL].We here believe in “respect for Individuals” and high business ethics. These principles have resulted in a high retention rate in an environment where one of the major challenges faced by the industry is attrition.

We value the sheer dedication, commitment and the matchless talents of our employees which have added to the growth of the company and have put us at the cutting edge of technology.

We are committed to our management ethos of mutual respect, accountability, teamwork, commitment, honesty, initiative, innovation, collaboration, and faith. We have shaped a culture where each of our management team members lead by example. They are role models of our cultural values and are committed to the development of the organization and their staff. Striving to be leaders in their field each member of the organization encourage those around them through knowledge sharing, coaching and rewarding excellence. Looking ahead, we aspire to create leaders, who foster the growth of the organization to higher level with their continued dedication.

If you're the kind of person who likes to try new things and is always looking to learn new skills, you may be just the person we are looking for…

 

»» ENABLING EMPLOYEES

  We believe that training and development are the foundation of successful careers and successful businesses. Towards that end, DCBL organizes training programs in cement manufacturing, maintenance, management development and safety under the umbrella of its Regional Training Center (South) and the Shri Ramakrishna Dalmia Industrial Training Centre at Dalmiapuram. Various other developmental programs are also run by DCBL for its employee’s so that they can chart a growth pattern for themselves and explore their own talents. The diverse offerings include programs for entry-level engineers, experienced managers and specialized technology.

We are also striving to provide the best learning environment to our employees. We have conducted assessment centers for all our employees from middle management upwards. Basis of which we have carved out career and development plans for each and every individuals to take them forward in life and work. We have tied up with Indian institutes such as IIM A and international institutes such as CCL, IMD etc to provide the best learning opportunities to our employees and upgrade their skills and knowledge. REGIONAL TRAINING CENTER (SOUTH) - DALMIA CEMENT (B) LTD, DALMIAPURAM Regional Training Centre (RTC) is a training institution set up to provide need-based training for personnel from Cement and Allied industries. The main objective of this RTC Project is to establish a demand driven, economically viable training system for Operators, Supervisors and Managers in Cement Industry. This Project aided by World Bank and Danish International Development Agency (DANIDA) and has four Regional Training Centers located across India.Dalmia Cement (B) Ltd. has been selected as one of the leadplants for setting up a Regional Training Center for Cement Industry in South India.

To upgrade the knowledge, Skill and Attitude of personnel within the Cement Industry so as to match the needs of modern environmentally sound and safe production units. Systematic demand driven Training based on Training Need Assessment is conducted at various cement plants. There are experienced trainers drawn from the Industry and Trained by F.L.Smidth, Denmark, Technical Teachers Training Institute, Bhopal and Chennai.

Computer Based Training (CBT) is a unique feature introduced at the center and has been highly appreciated by trainees as it gives them a graphical view of the subject and allows them to learn at their own pace.There are a total of 44 Training Packages were envisaged and further five sophisticated computer based training packages have been developed making a total number of 49. We also have an impressive facility with the best amenities. The Training Programmes extend to provide training programs for Cement Core Plants and HR related programmes for Cement as well as Non – Cement Industries also.

Page 17: This is Dalmia

We also conduct Training Programme for Fresh Graduate / Diploma Engineers for Cement Industries at Overseas. We have recently completed Training for Star Cement Industry, Dubai and Malaysia. We also provide proper Consultation and necessary Guidance while the problems faced in Cement Industries wherever required.

 ENABLING EMPLOYEES

  SHRI RAMAKRISHNA DALMIA INDUSTRIAL TRAINING CENTRE 

It was a mindset of Dalmia Cement management to set up an educational institution to impart and develop basic technical skills among the children of employees and others in and around the communities of Dalmiapuram to cater the needs of industrial sector in this region. The right opportunity came in 1992 during the Golden Jubilee celebrations of Dalmia Cement when the union representing our employees made a formal appeal. Without any delay, the management formulated a plan and thus the long cherished desire and dream of all was made a reality. The result was the birth of Shri Ramakrishna Dalmia Industrial Training Centre in 1992. This Centre is registered under Dalmia Education Society and affiliated to Directorate of Employment and Training, New Delhi. The objective has been to develop personnel with high skill with the vision, innovation and imagination for catering modern management requirements.

 The curriculum focuses on branches of Engineering which are the need of the Industries presently. And provides courses in Instrument Mechanic And Mechanic Motor Vehicle. We provide one of the best training not just to our employees, but also to the people who require the same in the community. 

Back  

Mission vision valueOUR VALUES

Page 18: This is Dalmia

VALUESWe at DCBL believe in ‘value creation’ for all stakeholders. Values for us are the means to our ends. We believe they are the core and the essence of doing things our way, the right way - the Dalmia way. These values, for us, not only hold the threads of the present and keep us grounded, but are also the key to the future where the possibilities are endless. Keeping this in perspective we have defined our four core values and three exemplary behaviors for each value. Our four values are:             1.Learning             2.Team Work             3.Speed              4.ExcellenceWe have also coined an acronym to remember them easily by picking letters from each value –LET’s EXCEL.

              1.Curiosity: Be hungry like a child to learn from anyone, anywhere.             2.Humility: Be open and flexible to learn from others irrespective of role or position.             3.Innovation: Find new solutions that challenge existing paradigms and mindsets.We at DCBL encourage people to grow, understand better and move forward. We believe it is essential for us to demonstrate child like curiosity and open & flexible mindedness to learn from any one at any level. This will help us find new solutions to challenges and will propel us to greater heights. 

 • Trust & Mutual Respect: Trust that your colleague cares about the organization with the same level of intensity that you do. Listen with empathy so that your colleagues feel ‘understood’.• Collaboration: Build shared understanding and buy-in within own and across cross-functional teams. Once decided, own the decision in public (and private).• Meritocracy: Recognize, Differentiate and Reward team & individual Performance.At DCBL, we believe sustainable growth can be achieved by collaborative efforts and ideas of all. We provide platform for our people to network across businesses, locations and functional teams to build shared understanding, synergy and thereby achieve excellence. In the process we acknowledge, differentiate, recognize and reward individual as well as team performance. 

 • Passion: Have the madness and self-belief to achieve things quickly - ‘Junoon’.• Empowerment: Unleashing high energy by empowering people and systems for speedy decision–making and implementation.• Meticulous Detailing: Enable speed through detailed planning to achieve results by design, not leave to chance.A balanced approach of passion coupled with empowerment and meticulous detailing constitutes our value of SPEED. We appreciate meticulous detailing and empower our executives to take quick decisions.

 • Courage to take Challenges: Set, accept & pursue challenging goals.• Focus: Identify your bird’s eye (like Arjuna) & be consumed by it.• Quick Implementation: Implement decisions, learnings, and innovation with speed.At DCBL excellence is the way of life that requires a person to be focused and have courage to take challenges and establish benchmarks. It is the desire to stretch beyond the measures, to achieve that which seems beyond one’s grasp. It involves remaining focused on the critical success factors. It also means converting ideas & opportunities into workable plans and executing them quickly. 

Page 19: This is Dalmia

The business CEMENT

 We have cement plants in southern states of Tamil Nadu (Dalmiapuram & Ariyalur) and Andhra Pradesh (Kadapa), with a capacity of 9 million tonnes per annum. A leader in cement manufacturing since 1939, DCBL is a multi spectrum Cement player with double digit market share and a pioneer in super specialty cements used for Oil wells, Railway sleepers and Air strips. We also hold a stake of 45.4 % in OCL India Ltd., a major cement Player in the Eastern Region, and now control a cement capacity of 14.3 million tonnes & has a strong presence in Southern & Eastern Regions of the Country. 

What makes us unique is our constant ability to innovate. On the key efficiency parameters, we rank right up there with the best in the industry. We have set up over 53 windmills in Muppandal (Tamil Nadu) to generate inexpensive and eco-friendly captive power for our plant. This power is wheeled through the State utility transporter for consumption at the plant. With the plant located close to its source of raw materials, we keep our freight and transport costs low, giving it an edge over competition. Over 65 per cent of the cement consumption in India is catered to by the retail segment where branding and distribution are the critical drivers for leadership. And it is in this that we enjoy an edge over our competitors. We are the only single unit cement manufacturer to successfully market our brands in core markets at prices on par with those of large consolidated/national players. In our focus area of Tamil Nadu and Kerala, which are among the fastest growing in cement consumption, we enjoy a significant market share today. Our brands enjoy a very high recall among consumers and influencers while our relationships with our dealers are very strong. In fact, in some cases these relationships go back three generations. Our USP is innovation, which has given us a leadership position in niche but fast-growing market segments.