Economy & Market

OCL takes shape

Published

9 years ago

October 31, 2016

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Restructuring for the creation of OCL India is currently pending court approval. In March 2016, Dalmia Bharat group undertook restructuring to consolidate its eastern India cement businesses with 9.3 million tonne capacity into Odisha Cement. This was done through a scheme of arrangement between OCL Ltd., the listed entity, Dalmia Cement East Ltd. and promoter entities allied to the cement businesses. The scheme of arrangement is pending approval from the various High Courts. Upon approval, the company proposed to rename ODCL as OCL India Ltd. and list on the BSE and NSE. This process is expected to be completed in the next six months.

ODCL will have to issue one share of the company of Rs 10 face value for every one of Rs 2 face value held by the shareholder of OCL India, according to the scheme of arrangement and documents disclosed on the company’s website. This transaction gives ODCL (post scheme of amalgamation) an equity value of Rs 5,640 crore. Growth And Market Share The group has boosted its cement capacity at a compounded annual growth rate of 35 percent since the financial year 2005-06. From 1.2 million tonnes in 2006, the company’s capacity has risen to 25 million tonnes by March 2016. 52 percent of its capacity is in eastern India, while 42 percent is in southern India. It has a 12.9 million tonne capacity in eastern India, thereby making it the largest player in that region with 14 percent market share. The company has 12.1 million tonne capacity and 7 percent market share, making it one of the top five firms in the market. Since 2012, the company made four acquisitions, all in the eastern market.

Concrete

WCA Welcomes SiloConnect as associate corporate member

Published

5 hours ago

April 13, 2026

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The World Cement Association (WCA) has announced SiloConnect as its newest associate corporate member, expanding its network of technology providers supporting digitalisation in the cement industry. SiloConnect offers smart sensor technology that provides real-time visibility of cement inventory levels at customer silos, enabling producers to monitor stock remotely and plan deliveries more efficiently. The solution helps companies move from reactive to proactive logistics, improving delivery planning, operational efficiency and safety by reducing manual inspections. The technology is already used by major cement producers such as Holcim, Cemex and Heidelberg Materials and is deployed across more than 30 countries worldwide.

Concrete

TotalEnergies and Holcim Launch Floating Solar Plant in Belgium

Published

5 hours ago

April 13, 2026

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TotalEnergies and Holcim have commissioned a floating solar power plant in Obourg, Belgium, built on a rehabilitated former chalk quarry that has been converted into a lake. The project has a generation capacity of 31 MW and produces around 30 GWh of renewable electricity annually, which will be used to power Holcim’s nearby industrial operations. The project is currently the largest floating solar installation in Europe dedicated entirely to industrial self-consumption. To ensure minimal impact on the surrounding landscape, more than 700 metres of horizontal directional drilling were used to connect the solar installation to the electrical substation. The project reflects ongoing collaboration between the two companies to support industrial decarbonisation through renewable energy solutions and innovative infrastructure development.

Concrete

Cortec® Corporation applauded for its strong safety performance

Published

5 hours ago

April 13, 2026

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Cortec® Corporation has been recognised for its strong safety performance, receiving its sixth Governor’s Workplace Safety Award for its outstanding performance in 2025. As a Silver Achievement recipient, the company continues to maintain safety metrics well above national industry averages, an impressive accomplishment for a chemical manufacturing organisation. This achievement reflects Cortec’s proactive approach to workplace safety, focused on early hazard detection and employee involvement. The company will be formally recognised at the Minnesota Safety and Health Conference in May, highlighting how industrial companies are effectively strengthening workplace safety standards.