Dalmia Bharat to Emerge Stronger In FY21

Cement maker Dalmia Bharat is aiming to emerge stronger despite a sluggish market condition, helped by initiatives such as cost reduction, marketing initiatives and premiumisation. Besides, the company expects the cement industry, hit hard by the COVID-19 pandemic, to rebound amid the government's push towards big infrastructure projects and affordable housing. The company expects the government's push towards big infrastructure projects and affordable housing to help the industry come back on the growth trajectory. Riding the increasing focus of the government on affordable housing and infrastructure creation, the cement industry is expected to record reasonable growth once the impact of the pandemic recedes. The company is undertaking 7.8 million tonnes of brownfield capacity expansion in eastern India. Besides, it is "strengthening the logistics of the back of superior technology and digitisation." Dalmia Bharat's revenue from operation in FY20 stood at Rs 9,674 crore. The company has committed to be carbon negative by 2040, it added.