OCL India, a subsidiary of Dalmia Cement Bharat, has requested to merge with Dalmia Cement East. While OCL India is a listed entity, Dalmia Cement East is unlisted. "We have approached the appropriate authorities for the merger of Dalmia Cement East with OCL India, which looks after eastern operations of Dalmia Cement Bharat," CEO and Director of OCL India, Amandeep, said.
Launching a premium cement brand in Kolkata, Amandeep told reporters that OCL?s market share in West Bengal is 15-16 per cent, making it the second-biggest player in the state. "We are expecting a robust growth here," he said. Amandeep said demand in the region is expected to grow 10-11 per cent during the current fiscal, adding that the four plants in the east have a capacity of 8.8 million tonnes. Average capacity utilisation at the plants, which are located in West Bengal, Odisha and Jharkhand, is above 70 per cent, he said. The combined capacity of Dalmia Cement Bharat is 25 million tonnes. The company invested Rs 600 crore in setting up its plant in West Bengal.
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