Points covered in the coverages: Dalmia Cement has been constructing a cement factory in Thamaraikulam and Ottakoil areas. Keeping the development of these villages in mind, the company has initiated Community Development Projects in these villages with the help of an organization called Hope Foundation. Through these programs the company aims to help the young boys and girls through various skill development programs namely Dress Designing, Food materials making and packaging, computer skill development programs and programs like candle making etc. The company will develop the school children by providing various education related facilities. Medical camps also will be conducted in these villages to benefit a wide range of population. Mr. Jain told the people that Dalmia Cement contributed Rs.10 L for constructing a high traffic road in Ariyalur town last year as part of its commitment to develop Ariyalur. Mr. P. Sivakumar told that a survey team from Loyola College, Chennai visited Ariyalur and assessed the development needs of the communities and submitted a detailed report, based on which the current programs have been designed. In his speech, the District Collected called for a Peaceful Tamil Nadu without the threats of terrorism is very essential and such development works will help us take the country in the direction of prosperity. The Chief Educational Officer for Perambalur and Ariyalur Districts Mrs. Thangamari, Panchayat President of Thamaraikulam Mrs. Dhanakodi Arumugam, Dr. Ashok Kumar Prabath of Hope Foundation also spoke in this function. The collector then inaugurated the Dress Designing lab at Ariyalur and Computer Training Center at Ottakoil which marked the start of Dalmia Cement's community development program activities. A medical camp in collaboration with the Kadugur PHC also was organized at Ottakoil which was personally visited by the Collected.

Points covered in the coverages: Dalmia Cement has donated Rs. 1 L for constructing an anganwadi in Thamaraikulam village. The contribution has been made under District Collector's Namakku Naame Scheme for Ariyalur. This was donated as promised by Mr. Jain, Executive Director on the day the company launched its CSR programs at Thamaraikulam. The Cheque was handed over to the collected by Mr. R. Chandrasekar, Asst. General Manager, Mines in the presence of Mr. Arumugam, Ex. MLA and Mr. Allwin, Public Relations Manager of the company.

Points covered in the coverages: Dalmia Cement has donated Rs. 1 L for constructing an anganwadi in Thamaraikulam village. The contribution has been made under District Collector's Namakku Naame Scheme for Ariyalur. This was donated as promised by Mr. Jain, Executive Director on the day the company launched its CSR programs at Thamaraikulam. The Cheque was handed over to the collected by Mr. R. Chandrasekar, Asst. General Manager, Mines in the presence of Mr. Arumugam, Ex. MLA and Mr. Allwin, Public Relations Manager of the company.

It’s that time of the year again when many investors rejig their portfolio and take position on their favourite stocks. With most of the blue chips having turned expensive, the only option for most investors is the mid-cap sector. We at ET Intelligence Group bring you a list of 5 mid-cap stocks that could make your next Diwali brighter. But, as always, make sure you’ve done the due diligence before placing your bets on these.

Tata Teleservices (Maharashtra)
TTML, which has recently joined hands with Japan’s NTT Docomo, is the Rs 2,000-crore Tata Group company that provides telecom services in the circles of Mumbai and Maharashtra, including Goa. TTML has reported net loss in each of the past six years. However, the picture is likely to change soon. The company is aggressively adding new subscribers and has topped the 10-million mark, following its innovative pricing methods. Higher users would improve network efficiency, thereby reducing cost per user. The company has undertaken necessary capex in the last few years. TTML has reduced the level of net loss in the last three quarters. It is likely to post quarterly profit by the March 2010 quarter.

Indian Hotels (IHCL)
Indian Hotels (IHCL), which has underperformed the markets, is currently trading below its book value. This appears pretty cheap as it has always traded between 1.4 and 5 times the book value in the last five years. The last few bad quarters indicate that the scrip is trading 28 times its past 12 months earnings. The hospitality industry is now going through a tough phase. However, being the industry leader, IHCL could well be the first one to move up once the tide turns. The Commonwealth Games being held in Delhi next year can be one major trigger for the industry, apart from the global economic revival.

Supreme Industries
Supreme Industries, India’s leading plastic goods manufacturers, has always enjoyed a healthy history of profit growth, cashflows and dividends. Its decision to exit unprofitable businesses, coupled with rising domestic demand for plastics and a likely glut situation in polymers, are likely to keep its profit growth strong in the coming quarters.
At the same time, the company has constructed a commercial complex at Andheri with 2.5-lakh square feet of saleable area at a cost of Rs 115 crore. The sale proceeds from this property will boost the company’s bottomline for the next few quarters. The scrip at Rs 363 values the company just 8.6 times its earnings for trailing 12 months, much cheaper compared to its peers.

IndusInd Bank
IndusInd Bank has made a huge turnaround in the past one year, reporting a dramatic improvement on key parameters such as non-performing assets (NPAs), net interest margin (NIM) and business per employee. Its gross NPAs or bad loans as a percentage to gross advances have halved in the quarter ended September 2009 against the year-ago period, with NIM rising to 2.86% from 1.68%. The bank has cleaned up its balance sheet and has more than doubled its profit in the September quarter. The next growth driver will be expansion of its loan book beating the industry growth and continued improvement in its NIM, which can transform it into one of the fastest growing banks.

Dalmia Cement (Bharat)
Dalmia Cement (Bharat) (DCBL) is aggressively expanding its cement capacity and is shortly bringing on stream 38% additional cement capacity, taking its total capacity to 9 million tonnes. It is also well positioned in the booming sugar business with a combined capacity of 22,500 TCD (tonnes of cane per day) at three locations in UP. These two businesses should help the company grow its net sales aggressively in the next two years. In the past four years, the company has quadrupled its revenues and is expected to maintain its growth trajectory in the next few years. Dalmia Cements recently announced plans to raise nearly Rs 3,000 crore to fund its expansion plans. The company plans to add a further 10 million tonnes capacity across the country in a phased manner over the next three years. At Rs 169.3, Dalmia Cement (Bharat) trades at a P/E of 8.2 and looks cheap.

Wide sectoral variations; good time for cement, automobiles and media. Mid-cap and small-cap companies are expected to post only single-digit growth in sales and profits in the second-quarter ended September 30.
The corporate sector as a whole (301 companies studied, excluding oil marketing companies and refineries), is expected to post net sales growth of around 5 per cent and a marginal 0.8 per cent decline in net profit. Nevertheless, mid-cap and small-cap companies are expected to show a 224-basis point improvement in operating margins as against a 50-basis point rise in margins for the entire corporate sector. (Click here for "THE QUARTER AT A GLANCE" table)
This preview of mid-cap and small-cap companies and the corporate sector as a whole is based on research reports from Angel Broking, Centrum Broking, Citigroup Research, Edelweiss Research, First Global Research, IDFC-SSKI Research, ICICI Securities, Motilal Oswal Securities, Morgan Stanley Research and Religare Research. They have analysed 301 companies, of which 226 are from the mid-cap and small-cap universe. The growth rate has been calculated by taking the average for each company studied here and then aggregating these to arrive at the final figure.
Of the 226 companies, the net sales of 45 are expected to grow 10-20 per cent each, while 48 companies are expected to show single-digit growth in net sales. Almost a third, or 75 companies, are expected to post a decline in net sales. Of these, 51 are expected to show a double-digit decline.
Among sectors, information technology, education, power, oil and gas, sugar, cement, tyre, construction, retail, textiles, FMCG, pharma, logistics and banking are expected to drive the revenue growth of small- and mid-cap companies. The sectors likely to post a decline in net sales are automobiles, steel, logistic, hotel, shipping, real estate, refineries and fertilisers. The sales growth rate is expected to be moderate in case of IT, capital goods, media and finance.

The good news is that operating margins of mid-cap and small-cap firms are expected to rise by 224 basis points on account of over 100-1,000 basis points rise in operating margins in media, finance, refineries, cement, bank, real estate, automobiles, logistics, fertilisers, textiles and FMCG. However, these margins are expected to decline by over 100-700 basis points in sectors such as auto ancillaries, capital goods, oil and gas, power, telecom, hotel and shipping.

The profit is expected to be driven by sectors such as tyre, sugar, automobiles, IT, education, cement, oil and gas, logistics, pharma, FMCG, finance, retail, banking, power and construction. The net profit is expected to decline in case of auto ancillaries, steel, IT, logistics, real estate, telecom, hotels, fertilisers and shipping. The net profit of 42 companies is expected to grow over 50 per cent each while 66 are expected to post a 10-50 per cent rise. As many as eight companies are expected to turn around while 74 are projected to post more than 10 per cent decline in net profit.

The net interest income (interest earned minus interest outgo) of 15 mid-cap and small-cap banks is expected to grow over 10 per cent, driven by Allahabad Bank, Andhra Bank, Central Bank, Corporation Bank and IDBI Bank. The operating margins on net interest income of these 15 banks are expected to rise by 490 basis points. The other 11 are expected show a robust growth in margins. The net profit growth is expected to be over 15 per cent, driven by Allahabad Bank, Central Bank and YES Bank.

The cement sector is set for its best performance in recent times, with nine mid-cap and small-cap companies posting over 50 per cent rise in net profit on the back of a net sales growth of over 23 per cent. The operating margins are likely to improve by over 600 basis points on firm cement prices and higher realisations. Birla Corporation, Dalmia Cement, JK Cement, Madras Cement, Prism Cement and Shree Cement are expected to show strong results, while India Cement, Mangalam Cement and Orient Paper are projected to report subdued sales but strong growth in net profit. The price realisation on sale of cement would rise by over 20 per cent on a significant price increase in the key markets of North, East and Central India. The companies are expected to benefit from the decline in prices of pet coke and domestic open market coal. However, higher depreciation and tax provisioning will restrict the net profit growth.

Entertainment and print media is expected to come out of the woods in this quarter on account of an increase in advertisement rates by around 20 per cent, fresh advertisement by FMCG companies and no fresh capital expenditure during the second quarter. The 17 companies in this segment may report flat sales but the operating profit will increase by 193 per cent, with Deccan Chronicle, HT Media and Jagran Prakashan posting strong results on the back of decline in newsprint prices and hike in advertisement rates.

Occupancies for multiplexes have improved from the abysmally low levels in the first quarter. However, occupancies have been affected to some extent by swine flu and the fact that September is a weak month due to religious festivals and fewer releases by producers. The advertising market has started showing early pick-up signs after a sharp decline in the period between November 2008 and March 2009. Economic revival and the beginning of the festive season have resulted in higher ad spends by badly battered segments such as auto, financial services and real estate.

The mid-cap and small-cap pharma companies are expected to post double-digit growth in sales and profit on the back of strong results from Aurobindo Pharmaceuticals, Biocon, Cadila Healthcare, IPCA Labs and Lupin Pharmaceuticals. The sales of Aurobindo Pharma are expected to grow by 23 per cent on the back of strong growth in formulation exports to regulated markets, backed by the Pfizer deal. The net profit of the company is expected to increase over 50 per cent on a milestone income of Rs 40 crore.

With recession easing in markets such as Latin America and Russia, pharma analysts expect the emerging markets to contribute significantly to sales as contract research gets back on the high-speed lane. The turnaround in the economy and improvement in commodity prices should put the CRAMS companies back on the growth track. Analysts indicate that Jubilant Organosys’ second-quarter performance will be a key indicator of the pace of this sector’s growth.

Sugar companies are expected to put up a strong show with net sales expected to rise by over 27 per cent and net profit by over 500 per cent, mainly driven by Renuka Sugar. The operating margins are expected to rise 390 basis points on the back of a firm trend in sugar prices. Bajaj Hindusthan, Balrampur Chini and Dhampur Sugar are expected to show a decline in net sales while Renuka Sugar and Triveni Engineering are expected to show strong sales growth.

The operating margin for Bajaj Hindusthan is expected to rise over 435 basis points on the back of improved sugar realisations and reduction in overheads. Shree Renuka Sugars expects to post 80-plus per cent growth in sales on account of higher sugar and distillery volumes, coupled with improved sugar prices.

The extensive flooding in Andhra Pradesh and Karnataka has thrown the cement market in the South out of gear for the immediate future but the recovery phase bodes well for the industry, say industry representatives.

Cement industry representatives point out that calamitous flooding in Andhra Pradesh and Karnataka and the impact it could have on the industry is diametrically opposite to the situation just a couple of weeks back when there were fears of a drought.

The concern earlier about the inadequate monsoon was that it would have had a long-term impact on agriculture and industry. But the current floods would have a short and sharp impact in the near-term with demand picking up later.

Bottlenecks

According to Mr H.M. Bangur, President, Cement Manufacturers Association, the swing between the extreme situations and the adverse impact on transportation severe bottlenecks have been created. The impact on cement prices have been ‘irrational.' Over the last couple of months, cement prices have dropped by about Rs 40-50 a bag with prices in Andhra Pradesh dropping by about Rs 30 in the last 15 days. The price pressure will remain for some time till the demand picks up.

Mr Sreekanth Reddy, Executive Director, Sagar Cements, felt that it would be a couple of months before demand and cement prices recover. The industry had to contend with slow sales and falling prices due to various other reasons even prior to the flooding. First it was the State elections and subsequently, the delayed monsoon and fears of drought. Since June when a 50 kg bag of cement was about Rs 185 ex-factory, prices have dropped by about Rs 35-40 and are now around Rs 145.

Opportunity

While it is unfortunate that the floods have had a drastic impact, it also creates opportunity for reconstruction, industry representatives said. Dalmia Cements, for instance is to construct 1,000 houses for the flood-affected in Karnataka. Similar initiatives would happen as reconstruction picks up.

A spokesperson for Dalmia Cements said that the immediate impact of the flooding in Andhra and Karnataka would be a drop in sales in the region. But this coincides with the slow season when prices and sales are usually slow in the South. In Tamil Nadu, prices were down by about Rs 20 a bag.

Andhra Pradesh and Karnataka are two of the largest markets in the South, accounting for a third of sales in the region. Andhra Pradesh contributes sales of 14-15 lakh tonnes a month and Karnataka 9-10 lakh tonnes. However, between April and August this year sales have stagnated as compared with last year. Industry estimates that sales in Andhra Pradesh were about 72 lakh (73 lakh tonnes) and in Karnataka 50 lakh tonnes (50 lakh tonnes). The demand situation could improve down the year but the industry is not willing to hazard a forecast on prices.

Apart of the Sakshi group, Bharathi Cement Corp. Ltd has commissioned the first phase of its 5 million tonne (mt) cement plant in Kadapa district of Andhra Pradesh, making the company the newest entrant into an expanding cement market and adding to concerns of a glut as manufacturers step up production of the building material.
Sakshi group, with interests also in media and power, is controlled by Y.S. Jagan Mohan Reddy, the member of Parliament from Kadapa and son of former Andhra Pradesh chief minister Y.S. Rajasekhara Reddy, who died in a helicopter crash on 3 September.
A 2.5 mt, Rs700 crore manufacturing unit has been commissioned in the first phase, according to Harish C. Kamarthy, executive director of Bharathi Cement.
"Work on the second phase of the plant is going on and will be commissioned in the last quarter of FY 2010. The total investment for the 5 million tonne capacity is Rs1,420 crore," Kamarthy said.
Apart from majority owner Sakshi, Bharathi Cement has been co-promoted by India Cements Ltd, Dalmia Cement (Bharat) Ltd and N. Prasad, vice-chairman and founder of Matrix Laboratories Ltd.
With this plant, Bharathi Cement is entering a 230 mt cement market that is dominated by the likes of Lafarge SA, the world's biggest cement maker, through ACC Ltd, global No. 2 Holcim Ltd through its Indian unit Ambuja Cements Ltd and Aditya Birla Group's UltraTech Cement Ltd.
Cement makers are expected to benefit as India reinforces its deficient public works and housing demand rises, but there are also concerns that rapid expansion of cement manufacturing capacity could lead to a glut and depress prices.
Dispatches and production both increased by around 17% in August from a year earlier, CD Equisearch Pvt. Ltd said in a recent report about the cement industry's outlook.
"Domestic cement industry is in the middle of a massive expansionary cycle, with 110 million tonnes of additional capacity coming onstream in the next three years..." the report cautioned, adding that this would "result in temporary supply overhang, leading to downward pressure on prices".
Sakshi group, which runs a 23-edition Telugu daily in Andhra Pradesh and a television channel under the Sakshi name, also operates a 37.5MW hydropower unit in Karnataka. The group bought Raghuram Cements in 2007 and renamed it Bharathi Cement.
India Cements and Dalmia Cements are "just financial investors and have helped and advised us on a couple of technical issues in setting up the plant", Kamarthy said.
Sakshi owns 69% of the company and the remaining 31% is distributed among the other promoters, although Kamarthy did not provide a break-up. India Cements managing director N. Srinivasan could not be reached for comment.
Matrix founder Prasad said: "As part of the investment strategy, we have identified certain growth sectors. Cement is one such sector which we believe has got good growth potential with the strong impetus on infrastructure development in India."
Still, some analysts are concerned about margins that Bharathi Cement would earn in a cement-surplus state such as Andhra Pradesh.
"Cement is a local play and the cement prices in Andhra Pradesh are already ruling some 10-15% below the other markets because of surplus production," said Dalpat B. Mehta, chief executive of Mumbai-based financial consultancy firm Sun City Advisers.
"Additional capacities in the AP market will not only put pressure on the margins of Bharathi Cement but also on the other players as well."
Kamarthy said Bharathi Cement will be positioned at the top end of the market. "We have a state-of-the-art plant. The cement mill in the plant is the largest in the world with a capacity of 360 tonnes per hour," he said.
The company is targeting revenue of Rs332 crore in the remaining six months of the current fiscal, Rs900 crore for FY11 and Rs1,637 crore in FY12.
BCCL has already appointed around 600 distributors and initially will have a presence in Andhra Pradesh, Tamil Nadu, Karnataka, Kerala, Goa and Maharashtra.
"In the first three states we have already established a strong network of distributors and in the other three states we will be strengthening our network in the next few months," said M. Ravinder Reddy, director of marketing at Bharathi.
Bharathi's project had run into controversy, with the opposition Telugu Desam Party alleging that the company had been allotted government land at a subsidized price—an allegation that the company refutes.
"We picked up the land through an auction and actually paid prices which were higher than what was prevalent in the market," said Ravinder Reddy.
The Nallalingyapalli-Kamalapuram belt in Kadapa district of Andhra Pradesh has a number of cement units, including those of UltraTech Cement, India Cements and Dalmia Cement, because of the rich limestone quarries in the region. Limestone is one of the key raw materials to manufacture cement.
Bharathi Cement is already scouting for land for a second 5 mt plant to be set up in either Guntur in Andhra Pradesh or Gulbarga in north Karnataka.
The company has a debt-equity ratio of 75:25. Debt was arranged through a six-bank consortium led by Oriental Bank of Commerce, Kamarthy said.
"We intend to do that once the second phase is complete in the current plant. Our aim is to achieve scale of at least 5% of the Indian market and only then will we look at tapping the public market for funds," added Kamarthy.

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 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

The Aditya Birla Group is restructuring flagship Grasim Industries Ltd by spinning off its cement operations and then merging this with its subsidiary UltraTech Cement Ltd.
The move will create India's largest cement company with a capacity of around 41 million tonnes (mt).
Grasim's board is meeting on 3 October to discuss a proposal to spin off the cement division into a separate company, said a senior Grasim executive who did not want to be identified because he is not authorized to speak to the media.
This spun off entity would be merged with UltraTech, but that process could take some time, this person added.
An Aditya Birla Group executive familiar with the restructuring said this had always been the plan when the group acquired UltraTech from engineering firm Larsen and Toubro Ltd in 2004. This person, too, did not want to be identified.
Grasim has informed the stock exchanges about the meeting on 3 October and said that this will be to consider "a proposal for the restructuring of the business".
An Aditya Birla Goup spokeswoman declined to comment for this story, saying, "We will not comment on market speculation."
The market, however, seems to have got a whiff of Grasim's plan. Shares of UltraTech have risen 14.41% in three trading days to Rs848.90 each, while those of Grasim have gained 9.71% to Rs2,700.80 each. On Thursday alone, UltraTech's shares gained 6.37%.
The move will also create a new flagship for the group. When the merger is complete, the cement company will boast revenue of around Rs11,767 crore. The cement business, which contributes 69% to Grasim's revenues, reported a net profit of Rs1,647.96 crore on revenue of Rs6,371.66 crore in 2008-09.
Grasim ended 2008-09 with Rs18,474 crore in revenue and Rs2,615.21 crore in net profit. It ended the first quarter of 2009-10 with Rs5,080 crore in revenue and Rs1,270.18 crore in net profit.
The challenge for cement companies is to minimize the cost of serving the customer rather than the cost of production, said Kaustav Mukherjee, vice-president and partner of global consulting firm AT Kearney on 12 August while commenting on Dalmia Cement (Bharat) Ltd's expansion plans. According to his firm's estimates, India's cement production will expand to 550 mt by 2020 and its annual per capita use of cement will rise to 350kg from 150kg.
The merger would involve a huge payout by the group as stamp duty, a charge paid to the government over the transaction, said a former managing director of a multinational company. This person, who did not want to be identified, said that it would also take time for Grasim's limestone mining licences to be transferred to UltraTech.
The Aditya Birla Group had undertaken similar restructuring exercises before to focus on its core strengths and new businesses.
In 2005, the $29.2 billion by revenue conglomerate created Aditya Birla Nuvo Ltd to incubate its new business initiatives such as telecom, garments, insurance and other financial services.
The restructuring saw Indo Gulf Fertilisers Ltd, Birla Global Finance Co. Ltd and Indian Rayon Ltd coming together under Aditya Birla Nuvo (earlier Indian Rayon and Industries Ltd).
Last year, Grasim sold its sponge iron business to Welspun for around Rs1,000 crore. Grasim, a viscose maker, is nearing the end of its capital expenditure cycle and would start generating free cash flows and turn net cash, wrote Jinesh K. Gandhi, an analyst at Motilal Oswal Securities Ltd, a Mumbai-based stock broker.
The company is financially well placed to fund its growth plans and drive consolidation in the industry, Gandhi wrote in his report dated 3 August.
The merger of Grasim's cement business with UltraTech has been on the cards for some time. The two merged their marketing teams two years ago.
Many cement makers see scale as a significant competitive advantage. Puneet Dalmia, managing director of Dalmia Cement (Bharat), said the Indian cement industry will be controlled by 8-10 players by 2020.
Two players will control 100 mt each of cement capacity and others will own capacities between 25 mt and 50 mt each, Dalmia told Mint in August. His company wants to raise its capacity to 35 mt by 2020, from 13.5 mt.

Eye on the future
Dalmia Cement is betting on the volume game to retain its

Mr CV Suvasan, General Manager, Quality & Environment, Dalmia Cement (Bharat), says, "The 53-grade OPC attains strength earlier but the 'workability' of the ...

Translation of Nanayam Vikatan can be reffered for this news also.

Translation:

Assuming that we can operate an organization successfully, only with equipments and machinery is ignorance. Organizations which have utilized the manpower aptly alone emerged successfully. Human being is also more or less a machine but a sensitive machine. Even if one ignores a little bit it will get upset. Take care of your people, they will be functioning for the entire 24hours continuously, Venkatesan capsules his hard-earned years of experience and learning's in simple words. He is the CEO of Dalmia Cement (Bharat) Ltd.

Venkatesan has the talent of turning around those organizations which were loss making and were written off into profit making ones within a very short span. He joined DCBL three years ago as a CEO. After he joined the organization, production has grown multifold, sales have gone up by three times and the net profit has jumped by 5 times.

The career background of Venkatesan is quite interesting and he narrates it in his own word s which is as follows:

I was born in Madras but my native place is Kovilacheri adjacent to Kumbakonam. My father was an engineer in Tamil Nadu Public Works Department, due to which I studied in the schools of various towns like Chennai, Kumbakonam, Chidambaram, Trichy and Salem. My collegeate education was from Jain College of Madras. All others in my family have engineering qualifications but I studied economics from an arts college and became a chartered accountant. At that time itself I had taken a decision that instead of following others footsteps, I should select my own destination and take my own path. I joined my first job in a Chartered Accountant firm in Madras. Within six months I joined another organization. I got to know later that I was selected on the basis of recommendation. So I left the job.

After that I felt instead of staying in Chennai I should join some organization in other states. I got a better job in a good organization in Rajasthan. The thought of leaving Madras and joining an organization so far engulfed my mind at that time. One of the reasons for my attaining success in the corporate ladder is working in many places of the northern states of India. It is only appropriate to go and search for an opportunity that awaits us rather than being stuck in ones own place with a feeling that I belong here, my relatives are here, etc. One requires the support of lady luck, to reach the top most position in his own place. Wherever we work within India, we should realize that I am in my motherland, then we can go and work anywhere and come up in life. This is Venkatesan's style of sharing his opinion forcefully.

Venkatesan has worked in many organizations, like the way he studied in many schools during his childhood. He has worked in many places such as Rajasthan - Eicher Tractors, UP with Triveni Sugars, in Delhi with Aditya Birla Group, Malco in Mettur, Sterlite from the same group at Tuticorin, and is now settled in Chennai.

When we asked him, what is management principles after having worked in many organization & many places, he opined,

Employee is the owner:

One after the other, hurdles kept on dampening the operations of the Sterlite plant at Tuticorin. I joined as a senior authority in the organization at this juncture. My first responsibility was to enlighten fellow colleagues, the community surrounding the plant and Government employees about the importance of the functioning of this plant. The next step was to educate the workers that working here will not get them in any health problems. Subsequently I was able to run the plant successfully. We were initially producing one lakh tonnes of copper. We steadily increased our production to 1.5 to 3 and ultimately to 4 lakh tonnes. We have done world record in enhancing the production capacity. For all this to happen I just spent a few crores only. The secret behind achieving and accomplishing this task is the support of my fellow colleagues. I did not treat them as salaried employees. This is your organization and you are one of the owners is the message which I kept on emphasizing to them. The net result - Every employee started working with a feeling that he is the owner of that organization. With that thought reinforced in their mind, productivity automatically increased. You do not require to police an organization if the employees have a sense of belongingness. Interestingly if the thought is not there even a guard's presence will not help.


Lateral hiring not required:

I have followed the same principles in many organizations I was engaged with. As far as possible I will try to promote eligible candidate to the higher position when a vacancy arises, internally, rather than hiring a person from outside. I primarily respect those who have talent. I was able to have positive influences within the employees because of my adherence to this policy. This is my organization, if I work hard and diligently I will get promotions is the confidence that dawned on to the employees minds. We were able to stop people from leaving the jobs abruptly and productivity also improved.


Don't be a miser in acknowledging others:

I have created a CEO kitty with the corpus of few crores in Dalmia Cement where I work now. The moment I get to know that an employee has innovated something new which has enhanced the productivity, I immediately give him a reward and honour him in public. This is the purpose of CEO kitty. Human mind longs for recognition. If you offer prize open heartedly they will respond you back with excellent productivity. Respect employees wives':

It is not sufficient if you respect the employees; respect their wives' as well. This was taught to me by Mr. Vikram Lal, promoter of Either Tractors. If he wants to transfer a senior official from one place to another he will inform the news first to the person's wife before sharing it with the senior official. Why this transfer, how will this benefit the organization and the individual, is what he will patiently explain to the lady. No wife will come in between the transfer if the promoter informs personally. I dedicatedly follow that policy till today. For an employee to be contributing with 100 % commitment one requires whole hearted support from his wife and kith & kin. Venkatesan sums it up with, " an organization which has a support of the wife of their employee can certainly not get into red".

Box item :

1. Always work Venkatesan is a workaholic and is continuously working. Where is the time to read? Relationship & networking with people itself occupies most of my time, comment Venkatesan. Kala is his wife. His daughter has married to a US settled software engineer after completing her BE. She is currently employed in a senior position with Deloitte after completing her MS there. Son is pursuing his doctorate in US after completing his Metallurgy in Engineering from NIT, Trichy, and higher studies in Los Angeles.


2. Dalmia's CSR

Many organizations, of late, have started adapting principles of Corporate Social Responsibility. Dalmia Cement is one among those who dedicatedly follow it. They have set up Dalmia Institute of Construction and are offering free skill development courses for 12th passed students of both sexes in the field of construction industry. They also get employment to the students after 6 months of training in a reputed construction company.

As the response was very good for this course in Trichy, we are going to begin this course in Coimbatore also, very soon.

The context is same as New Indian Express

Austral Coke (5% down)
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Gwalior Chemical (9% up)
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Redington (10.6% up)
Redington (India) Ltd ended up 10.6% after 2.85% equity changed hand on the National Stock Exchange on Wednesday at Rs250 per share. Enam Securities has been bullish on the counter and included the stock in its top mid-cap pick for August. Enam has a price target of Rs315.
Renuka Sugars (4.3% up)
Shree Renuka Sugars Ltd ended up 4.3% at Rs212.60 after CNBC-TV18 reported that levy sugar quota is likely to be fixed at 20% and levy sugar price at Rs22 per kg. The final notification is expected in next few days. This may prove to be a positive announcement for the industry.
Berger Paints (8.6% up)
Berger Paints (India) Ltd closed up 8.6% on market talk of acquisition plans in China but the management denied it completely. The stocks has been buzzing since Nalanda India Fund picked 72 lakh shares at Rs50.5, thus increasing its stake to over 6%. Berger said that Nalanda Fund has been interested in the firm for some time.
Dalmia Cement (6.1% up)
Dalmia Cement (Bharat) Ltd gained Rs11.70 per share to close the day at Rs202.75, up 6.1% after CNBC-TV18 reported that the firm plans to meet FIIs and do non-deal roadshows to make investors understand the potential of the company. The company’s focus is to look at various options to unlock value.

"Dalmia Institute of Construction" – giving free training programme to students in construction field distributed certificates to the second batch students. Mr. T Venkatesan, CEO and Whole Time Director addressed the press that due to acute shortage of trained supervisory level professionals in the construction industry selected students and trained them. The students who have passed out of this batch have been placed as Quantity surveyors and Site supervisors in design and construction organizations. Based on the industry feedback, the course has been restructured to include AutoCAD, Guest lectures by civil engineering professionals, and personal development including spoken English and Hindi. The application for the new batches will start from the first week of September 2009. This free training program is open to students in the age group 18-23 years. Those who have completed either a polytechnic course or have passed 12th standard are eligible to apply. Preference will be given to women with the requisite basic qualifications, in this batch.We are plaanin to launch in Coimbatore.

"Dalmia Institute of Construction" has distributed certificates to the second batch students in Tiruchy Sangam Hotel. Mr. T Venkatesan, CEO and Whole Time Director gave away the certificates to the current batch has 2 successful women candidates and 12 students .Addressing the press he said, The program, as part of our CSR initiative, was conceptualized to address the acute shortage of trained supervisory level professionals in the construction industry. Based on the industry feedback, the course has been restructured to include AutoCAD, The revamped course includes intensive practical sessions at construction sites. The course duration has been extended from 4 months to 6 months and the batch strength will also been increased to accommodate more students. The students who have passed out of this batch have been placed as Quantity surveyors and Site supervisors in design and construction organizations with a good remuneration package of Rs 7000 to Rs. 10000 per month. The application for the new batches will start from the first week of September 2009. This free training program is open to students in the age group 18-23 years. Those who have completed either a polytechnic course or have passed 12th standard are eligible to apply. Preference will be given to women with the requisite basic qualifications, in this batch. Interested candidates may register at Dalmia Institute of Construction, C-86, Sterling Biz Park, Fort Station Road, Thillai Nagar, Trichy -18. he also added, Dalmia Cement's new production in Ariyalur starts production by october. This will provide jobs to 350 to 450 members directly and 2500 members indirectly. DCBL, with total gross income of over Rs 3000 crores has business interests in two major segments, Cement and Sugar. It has cement plants in Southern State of Tamil Nadu (Dalmiapuram) & Andhra Pradesh (Kadapa), with capacity of 6.5 million tones per annum. Pioneer in cement manufacturing since 1939, DCBL is a leading multi spectrum Cement player in South India with a market share of around 15% and is a pioneer in super specialty cements like Oil well, Railway sleeper and Air strip. The Company has three Integrated Sugar Mills in the State of Uttar Pradesh with total installed capacity of 22500 tons 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. It has been ranked among the Top 10 players in the sugar industry within a short span of operations in terms of income.The company produces around 160 MW of Power through thermal and renewable energy with an aim to increase the power generation from non-conventional methods. Asst. Execuetive Directors Mr.Antony Joseph, Mr.Gurumoorthy and Execuetive Director Mr.Gungune

Mr. T Venkatesan, CEO and Whole Time Director, DCBL gave away the certificates to the students of the second batch. Addressing the press, he said "The program, as part of our CSR initiative, was conceptualized to address the acute shortage of trained supervisory level professionals in the construction industry. With an overwhelming encouragement both from Industry and candidates we are happy to announce that we will offer this program in Coimbatore. The course has been restructured to include AutoCAD and the course duration is 6 months. The application for the new batches will start from the first week of September 2009. This free training program is open to students in the age group 18-23 years. Those who have completed either a polytechnic course or have passed 12th standard are eligible to apply. Preference will be given to women with the requisite basic qualifications, in this batch. Interested candidates may register at Dalmia Institute of Construction, C-86, Sterling Biz Park, Fort Station Road, Thillai Nagar, Trichy -18.

Dalmia Institute of Construction" – a CSR initiative of Dalmia Cement Bharat Limited is offering the free training course in construction field. Mr.T Venkatesan of Dalmia Group distributed the certificates to the second batch students completed their course successfully in Trichy region. Asst. Executive Directors Mr.Antony Joseph, r.Gurumoorthy and Execuetive Director Mr.Gungune Mr.Sunderrajan and Head of Training Mr.Mannivanan were present on the occasion. For further queries contact 09717004389, 09940676544

This free training program is open to students in the age group 18-23 years. Those who have completed either a polytechnic course or have passed 12th standard are eligible to apply. Mr. T Venkatesan, CEO and Whole Time Director, DCBL gave away the certificates to the students of the second batch. Addressing the press, he said "The program, as part of our CSR initiative, was conceptualized to address the acute shortage of trained supervisory level professionals in the construction industry. With an overwhelming encouragement both from Industry and candidates we are happy to announce that we will offer this program in Coimbatore. We are confident that the program will be well received by eligible students aspiring for a career in the construction industry as well as by construction companies". Based on the industry feedback, the course has been restructured to include AutoCAD, Guest lectures by civil engineering professionals, and personal development including spoken English and Hindi. The revamped course includes intensive practical sessions at construction sites. The course duration has been extended from 4 months to 6 months and the batch strength will also been increased to 50 to 100 students. It has cement plants in Southern State of Tamil Nadu (Dalmiapuram) & Andhra Pradesh (Kadapa), with capacity of 2.5 million tones per annum. Dalmia Cement is producing 9 million tonne cement per annum.

Dalmia Cement's new production in Ariyalur with a capacity of 800 crores starts by october. Mr. T Venkatesan, CEO and Whole Time Director, DCBL gave away the certificates to the students of the second batch. Addressing the press, he said "The program, as part of our CSR initiative, was conceptualized to address the acute shortage of trained supervisory level professionals in the construction industry. The current batch has 12 students including two successful women candidates. Dalmia has been training 100 students each year and offering jobs with a good remuneration package of Rs 7000 to Rs. 10000 per month. Based on the industry feedback, the course has been restructured to include AutoCAD, Guest lectures by civil engineering professionals, and personal development including spoken English and Hindi. The revamped course includes intensive practical sessions at construction sites. The course duration has been extended from 4 months to 6 months The Company has three Integrated Sugar Mills in the State of Uttar Pradesh with total installed capacity of 22500 tons 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. The company produces around 160 MW of Power through thermal and renewable energy with an aim to increase the power generation from non-conventional methods. Asst. Execuetive Director Mr.Antony Joseph, Mr.Gurumoorthy and Execuetive Director Mr.Gungune Mr.Sunderrajan and Head of Training Mr.Mannivanan was among those who were present on the occasion.

Dalmia Cement's new production in Ariyalur starts by next two months said Mr. T Venkatesan, CEO and Whole Time Director. "Dalmia Institute of Construction" – a CSR initiative of Dalmia Cement Bharat Limited offers free training course in construction field distributed certificates to the students of the second batch who completed their six month course. Mr. T Venkatesan, CEO and Whole Time Director, DCBL gave away the certificates to the students of the second batch. Addressing the press, he said "The students who have passed out of this batch have been placed as Quantity surveyors and Site supervisors in design and construction. This free training program is open to students who have completed either a polytechnic course or have passed 12th standard are eligible to apply. It has cement plants in Southern State of Tamil Nadu (Dalmiapuram) & Andhra Pradesh (Kadapa), with capacity of 6.5 million tones per annum. Dalmia Cement's new production in Ariyalur will start by next two month. This will provide jobs to 350 members directly and 2500 members indirectly. Asst. Execuetive Director Mr.Antony Joseph, Mr.Gurumoorthy and Execuetive Director Mr.Gungune Mr.Sunderrajan and Head of Training Mr.Mannivanan were among those who were present on the occasion.

Mr. T Venkatesan, CEO and Whole Time Director, DCBL gave away the certificates to the students of the second batch. Addressing the press, he said Dalmia Cement's new production in Ariyalur will start by October. The students who have passed out of this batch have been placed as Quantity surveyors and Site supervisors in design and construction companies with a good remuneration package of Rs 7000 to Rs. 10000 per month. Dalmia Cement's new production in Ariyalur with a capacity of 800 crores starts by october. This will provide jobs to 350 to 450 members directly and 2500 members indirectly. The Company has three Integrated Sugar Mills in the State of Uttar Pradesh with total installed capacity of 22500 tons of cane crush per day DCBL is expanding its cement footprint in the Southern India with a Greenfield project, at Ariyalur, Tamil NaduThe company produces around 160 MW of Power through thermal and renewable energy with an aim to increase the power generation from non-conventional methods. Asst. Execuetive Director Mr.Antony Joseph, Mr.Gurumoorthy and Execuetive Director Mr.Gungune Mr.Sunderrajan and Head of Training Mr.Mannivanan were among those who were present on the occasion.

Dalmia Cement (Bharat) Ltd gained Rs11.70 per share to close the day at Rs202.75, up 6.1% after CNBC-TV18 reported that the firm plans to meet FIIs and do ...

Translation:Mr. T Venkatesan, CEO and Whole Time Director, said that candidates can apply for free training construction supervisor work. Due to acute shortage of trained supervisory level professionals in the construction industry, Dalmia has started “Dalmia Institute of Construction”. The course duration has been extended from 4 months to 6 months and the batch strength will also been increased to accommodate more students. We are going to launch the same initiative in Coimbatore.
The application for the new batches will start from the first week of September 2009. Those who have completed either a polytechnic course or have passed 12th standard are eligible to apply. Preference will be given to women with the requisite basic qualifications, in this batch.
Interested candidates may register at Dalmia Institute of Construction, C-86, Sterling Biz Park, Fort Station Road, Thillai Nagar, Trichy -18.
Mr.T Venkatesan, gave away the certificates to the students of the second batch.

Translation:Dalmia Institute of Construction” – a CSR initiative of Dalmia Cement (Bharat) Limited, is giving training for construction professionals. Mr. T Venkatesan, CEO and Whole Time Director, DCBL gave away the certificates to the students of the second batch. Addressing the media, he said, Dalmia has been training 100 students each year and offering jobs with a good remuneration package of Rs 7000 to Rs. 10000 per month. This year, the institute has included AutoCAD as well.
Dalmia Cement’s new production in Ariyalur with a capacity of 800 crores starts by october. This will provide jobs to 250 members directly and 2500 members indirectly.
Asst. Execuetive Director Mr.Antony Joseph, Mr.Gurumoorthy and Execuetive Director Mr.Gungune Mr.Sunderrajan and Head of Training Mr.Mannivanan was among those who were present on the occasion.

Translation:Dalmia Cement to start it’s new production in Ariyalur with a capacity of 800 crores by october.
“Dalmia Institute of Construction” – giving free training programme to students in construction field. today announced the completion of the second batch of ready to be employed, skilled construction professionals. Mr. T Venkatesan, CEO and Whole Time Director addressing the press, The current batch has two successful women candidates and 12 students .They will be placed with good remuneration package of Rs 7000 to Rs. 10000 per month.
“The program, as part of our CSR initiative, was conceptualized to address the acute shortage of trained supervisory level professionals in the construction industry. With an overwhelming encouragement both from Industry and candidates we are happy to announce that we will offer this program in Coimbatore. Based on the industry feedback, the course has been restructured to include AutoCAD, Guest lectures by civil engineering professionals, and personal development including spoken English and Hindi. The course duration has been extended from 4 months to 6 months and the batch strength will also been increased to accommodate more students.
DCBL is a leading multi spectrum Cement player in South India with a market share of around 15% and is a pioneer in super specialtycements like Oil well, Railway sleeper and Air strip.
The Company has three Integrated Sugar Mills in the State of Uttar Pradesh with total installed capacity of 22500 tons 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. It has been ranked among the Top 10 players in the sugar industry within a short span of operations in terms of income.
The company produces around 160 MW of Power through thermal and renewable energy with an aim to increase the power generation from non-conventional methods. Asst.Execuetive Director Mr.Antony Joseph, Mr.Gurumoorthy and Execuetive Director Mr.Gungune Mr.Sunderrajan and Head of Training Mr.Mannivanan were also present on the occasion.

http://www.hindu.com/2009/08/18/stories/2009081857180200.htm

The current boom in the cement and sugar industry has shifted focus to players like Dalmia Cement (Bharat), which have a presence in both these

sectors.

The company is shortly bringing on stream additional cement capacity to the tune of 2.5 million tonnes and its capacity would reach 9 million tonnes by October 2009. This should help Dalmia Cement (Bharat) to grow its net sales aggressively in FY10 and FY 11. In the case of cement, the current boom is thanks to government-fund infrastructure projects and housing in smaller towns.

Also, Dalmia is well positioned to take advantage of domestic sugar prices currently at Rs 30 per kg levels, a jump of 51.5% y-o-y, given a global shortage of this commodity. The stock currently trades with a P/E of 6.9 times its trailing four quarter earnings, which is lower than that of other players in sugar like Triveni Engineering and Industries, and other south-based players like India Cements.

Current capacities:

Dalmia Cement Bharat’s cement capacity is currently 6.5 million tonnes, and it includes 2.5 million tonne capacity at Kadapa, Andhra Pradesh, which was brought on stream in March 09. This capacity at Kadapa involved a capex of Rs 800 crore and the company utilised a combination of internal accruals and debt.

This additional capacity at Kadapa is expected to help Dalmia Cement’s topline to expand by nearly Rs 780 crore in FY 10, and that’s despite fears of a drought in the country, which could dampen demand for cement in the short term. During FY 09, the company’s total operational income amounted to Rs 1778.68 crore, with cement alone accounting for 72.1% of its topline and sugar 17%. Dalmia Cement, also has a 21.7% stake in OCL India, whose dispatches amounted to 2.75 million tonnes during FY09. Meanwhile, in its sugar business, Dalmia Cement has a capacity of 22,500 TCD (tonnes of cane per day) at three locations in UP.

Planned Capex:

In a bid to leverage the growth opportunities Dalmia Cement is also setting up a 2.5 million tonne plant at Ariyalur, Tamil Nadu, at a cost of Rs 800 crore. This cement plant is expected to be commissioned in next two months and will ramp up Dalmia Cement’s capacity to 9 million tonnes.

The additional capacities have been funded by internal accruals and debt, and this had resulted in the company’s debt equity ratio at 1.72 the end of FY 09, as compared to 1.48 a year earlier. However, cash flows from the new capacities should help to bring down Dalmia Cement’s leverage ratio over the next few years.

Financials:

Dalmia Cement’s operating profit margin declined 200 basis points y-o-y to 28.6 % during the June 09 quarter, despite 32.2 % growth in its net sales. Pressure on its margins was due to higher input costs . Meanwhile, in its cement division, despatches rose 12.6 % y-o-y in the June 09 quarter, while realisations grew an estimated 5.4 % y-o-y to Rs 3880 per tonne ( net of excise duty). In its sugar division, its realisations grew 37 % y-o-y to Rs 23,566 per tonne in the June 09 quarter.

Valuations:

At Rs 141.35, Dalmia Cement (Bharat) trades at a P/E of 6.9 times and it could be a long-term buy for investors looking to gain from growth opportunities in the cement and sugar sector.

The story appeared in Economic Times dated Aug 17 can be referred to as the translation for this news.

Dalmia Cement launched Corporate Social Responsibility initiative, in Thamaraikulam Village.The District Collector of Ariyalur, Mr. Pitchai, formally inaugurated the Community Livelihood Center & Medical Camp in the Thamaraikulam and presided over the function. The occasion was graced by the presence of Mrs. Thangamari, Chief Educational Officer-Perambalur, Mrs. Dhanakodi Arumugam, President-Thamaraikulam Panchayat, Dr. Ashok Prabath, Chief Program Officer-Hope Foundation and Mr. S. S. Jain, Executive Director DCBL. Speaking on the occasion, the District Collector of Ariyalur said, “Progressive economic development of the community happens quickly wherever the initiatives are taken jointly by the Corporate as well as Government.

• Cement is the only product that the excise duty is charged without abatement and expecting 10 – 15 % discount in abaement.
• It was already recommended by NCAER with 55 % abatement.
• Seeking their Support from Central and state Govt to promote Concrete Road instead of bituminized road. It helps Motor Vehicles to save fuels.
• Lifiting of export ban will encourage investment in new capacities.
• Coal supply at linkage price to cement industry was cut to 75% Cement plants are depending on imported coal.Govt. should restore 100 % coal linkages in Budget.

http://www.business-standard.com/india/news/dalmia-cement-to-build-houses-for-flood-affected/75490/on
Cement maker Dalmia Cement (Bharat) today said it would construct 1,000 houses for the people rendered homelessdue to recent floods in Karnataka. The company would be indertaking this process as part of its corporate social responsibility, Dalmia Cement (Bharat) said in a statement. "As part of our corporate social responsibility, we join hands with the government and extend our support to rebuild the infrastructure in the affected areas. We will construct 1,000 houses in the state for rehabilitation of distressed people," the company's Managing Director Puneet Dalmia said. Severe floods in Karnataka since last week has taken a toll of over 280 lives and forced over 7.62 lakh people to take shelter in relief camps so far. The floods in the state have damaged over 2.5 lakh houses and destroyed crops in over 2.5 lakh hectares of farm land.

http://www.equitybulls.com/admin/news2006/news_det.asp?id=61305#

http://www.indiainfoline.com/Markets/News/News.aspx?NewsId=7399
Dalmia Cement (Bharat) Limited (DCBL), a leading multi spectrum Cement player in South India, as relief measure has announced to build 1000 houses for the homeless people affected by the recent floods in Karnataka.

“We are aggrieved by the loss of lives and property caused by the unprecedented natural calamity in parts of North Karnataka. As part of our Corporate Social Responsibility we join hands with the Government and extend our support to rebuild the infrastructure in the affected areas. We will construct 1000 houses in the State for rehabilitation of distressed people.” commented, an emotionally struck, Puneet Dalmia, Managing Director of DALMIA CEMENT (BHARAT) LTD.

A letter in confirmation has been given to the Chief Minister of Karnataka Yediyurappa at a function organized at Bengaluru. Dalmia Cement has been one among the few to offer help to the society. In the immediate past they have organized an Eye Camp in Trichy and launched a Community Livelihood Center & Medical Camp at Thamaraikulam Village, near Trichy in Tamil Nadu.

http://www.indopia.in/India-usa-uk-news/latest-news/682786/Business/4/20/4
Cement maker Dalmia Cement (Bharat) Ltd today said it would construct 1,000 houses for the people rendered homeless due to recent floods in Karnataka.

The company would be undertaking this process as part of its corporate social responsibility, Dalmia Cement (Bharat) Ltd (DCBL) said in a statement.

"As part of our corporate social responsibility, we join hands with the government and extend our support to rebuild the infrastructure in the affected areas. We will construct 1,000 houses in the state for rehabilitation of distressed people," DCBL Managing Director Puneet Dalmia said.

Severe floods in Karnataka since last week has taken a toll of over 280 lives and forced over 7.62 lakh people to take shelter in relief camps so far.

The floods in the state have damaged over 2.5 lakh houses and destroyed crops in over 2.5 lakh hectares of farm land.

http://www.myiris.com/newsCentre/storyShow.php?fileR=20091006125706203&dir=2009/10/06&secID=livenews
Dalmia Cement has raised over Rs 31 billion in debt through a consortium of bankers, which will be used to fund its expansion plans, reports Economic Times. The company said that they are adding 10 million tons in India in a phased manner and this will be deployed over the next 2-3 years. The money was raised through Dalmia Cement Ventures, a wholly owned subsidiary of Dalmia Cement.

The company is planning to add capacities in Karnataka, Meghalaya, Himachal Pradesh, Rajasthan and Madhya Pradesh. 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. Shares of the company declined Rs 14.9, or 8.11%, to trade at Rs 168.90. The total volume of shares traded was 40,573 at the BSE (12.54 p.m., Tuesday).

http://in.reuters.com/article/domesticNews/idINBOM35375420090929

http://www.scribd.com/doc/20358511/Q2-2009-India-Dalmia-Cement-ICICI-Direct-23-07-09-Wwwmon3ycoNr

http://beta.thehindu.com/news/cities/Tiruchirapalli/article22450.ece
Leading cement manufacturer, Dalmia Cement Bharath Ltd has acquired 500 acres of limestone deposit rich area in Tiruchirappalli, Perambalur and Ariyalur belts in Tamil Nadu for expansion, according to a top company official. The company has another 500 acres for mining purposes and has been excavating limestone since the last 70 years, from the inception of the factory at Dalimapuram near here, J. V. Gungune, company's Executive Director told reporters here. About 75 to 80 per cent of this land is owned by the company and the rest are state owned, which are mining leases. Mr. Gungune said that a new plant to be commissioned in October at Tamaraikulam and Govindapuram villages near Ariyalur, with an annual capacity of 2.25 million tonnes, would also utilize these limestone deposits. The total quantum to be removed for both plants would be 6.2 million tones a year. The new unit had already started grinding process and the production of clinker would commence from October 17, he said.

Geological experts had opined that the newly acquired land would inherit limestone with a purity of around 43 per cent of lime/calcium. Besides, some more areas have also been earmarked along the Tiruchirapalli-Ariyalur and Tiruchirapalli-Chennai highways for future prospects, Mr. Gungune said . DCBL was also identifying scattered limestone deposits in around 300 acres in Karur district, he added. The company had a blemish less record in adhering to safety norms, with no accidents in the last 18 years. Operations had been fully mechanised since 1994, he said. Keywords: Dalmia Cement Bharath Ltd, limestone, Perambalur, J. V. Gungune

http://news.chennaionline.com/newsitem.aspx?NEWSID=5e2ed279-c3d9-491c-8361-0a60ff186a07&CATEGORYNAME=CHN

http://www.indopia.in/India-usa-uk-news/latest-news/672964/Business/4/20/4
Leading cement manufacturer, Dalmia Cement Bharath Ltd has acquired 500 acres of limestone deposit rich areas in Tiruchirappalli, Perambalur and Ariyalur belts in Tamil Nadu for expansion, according to a top company official. The company has another 500 acres for mining purposes and has been excavating limestone since the last 70 years, from the inception of the factory at Dalimapuram near here, J V Gungune, company&aposs Executive Director told reporters here. About 75 to 80 per cent of this land is owned by the company and the rest are state owned, which are mining leases. Gungune said that a new plant to be commissioned in October at Tamaraikulam and Govindapuram villages near Ariyalur, with an annual capacity of 2.25 million tonnes, would also utilize these limestone deposits. The total quantum to be removed for both plants would be 6.2 million tones a year. The new unit had already started grinding process and the production of clinker would commence from October 17, he said. Geological experts had opined that the new acquired land would inherit limestone with a purity of around 43 per cent contents of lime/calcium. Besides, some more areas have also been earmarked along the Tiruchirapalli Ariyalur and Tiruchirapalli Chennai highways for future prospects, Gungune said . DCBL was also identifying scattered limestone deposits in around 300 acres in Karur district, he added. The company had a blemish less record in adhering to safety norms, with no accidents in the last 18 years. Operations had been fully mechanised since 1994, he said further.

http://deadpresident.blogspot.com/2009/09/dalmia-cement.html

http://www.ibtimes.com/articles/20090813/indian-market-rallies-on-return-of-risk-appetite.htm

http://www.rttnews.com/Content/AsianMtUpdates.aspx?Node=B3&Id=1038672

The Hindu

http://www.hinduonnet.com/2009/07/28/stories/2009072857890200.htm

Reuters

http://in.reuters.com/article/domesticNews/idINDEL49943520090803 

Indiainfoline

http://www.indiainfoline.com/news/innernews.asp?storyId=110519&lmn=1

Webindia123.com

http://news.webindia123.com/news/Articles/India/20090803/1310676.html

Yahooindia News

http://in.news.yahoo.com/20/20090804/372/tbs-dalmia-cement-s-july-despatches-up-1.html

Indopia.in

http://www.indopia.in/India-usa-uk-news/latest-news/640935/Business/4/20/4

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