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Dalmia Cement gross sales at Rs2344 cr

Business

Dalmia Cement (Bharat) Ltd has reported its financial performance for the year ended 31st March 2010 with a record gross sales of Rs2344 crore.

FY 10 Results
Gross sales for the year ended March 2010 stood at Rs. 2344 crores reflecting a growth of 19% over the corresponding period last year.
Total income for the year ended March 2010 is at Rs. 2194 crores as against Rs.1779 crores over last year, registering an increase of 23%.

Q4 10 Results
Records a Gross sales of Rs. 573 crores for the quarter ended March 2010 reflecting a growth of 8% over the corresponding period last year.
Registers a Total income for the quarter ended March 2010 at Rs. 547 crores as against Rs. 492 crores over the corresponding period last year, an increase of 11%.
During the year, DCBL, increased its stake in OCL India ltd. to 45.4 %. OCL is a significant player in Eastern markets with business interests in cement and refractory.
The company recently launched restructuring plans with a view to explore growth opportunities for independent entities of cement, sugar and power by attracting quality capital.
In another significant development during the year KKR, global PE firm, has entered into a definitive agreement to invest upto Rs. 750 Cr making it the largest PE investment in cement industry in India.
The Board has recommended a final dividend of 50% (Rs. 1 per share of Rs. 2 each) in addition to 50% dividend paid earlier during the year thus taking the overall dividend for the year to 100%.

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