Winners - OCL INDIA

OCL India (OCL) is the flagship company of the Dalmia Group of Companies, set up and operating from eastern India. Incorporated in 1950-51 and earlier known as Orissa Cement, OCL is engaged in manufacturing of refractory for the steel industry. However, refractory accounts for only about 10 per cent of its total revenues. The parent company Dalmia Bharat Group made its first strategic investment in OCL through its subsidiary Dalmia Cement (Bharat) in 2008. In FY2015, Dalmia Cement increased its stake in the company from 48.4 per cent to 74.6 per cent. The company has 6.7 mtpa of installed capacity, with manufacturing plants in Odisha and West Bengal. The plants primarily serve four states in eastern India - Odisha, West Bengal, Bihar and Jharkhand. Cement sales (sold under the brand ´Konark´) constituted 81 per cent of revenues, while sales from the refractory division accounted for the remaining. OCL´s net sales grew by 19.8 per cent to Rs 2,635.66 crore in FY2016, as against Rs 2,199.39 crore in FY2015, and the bottomline grew by 107.8 per cent to Rs 236.29 crore.