Puneet Dalmia takes helm at Dalmia (Cement) Bharat

27 Jan 2024 CW Team

Puneet Dalmia is set to assume the additional responsibilities of Chief Executive Officer and Managing Director at Dalmia (Cement) Bharat, the entity overseeing the cement operations of Dalmia Bharat, as per the company's notification to stock exchanges. Currently serving as the Managing Director and CEO of Dalmia Bharat, Puneet Dalmia shared the company's quarterly results for the third quarter of the fiscal year 2023-24. The report highlighted sales of Rs 36 billion and an EBITDA of Rs 7.75 billion. The cement business experienced a 6.8 million-tonne sales volume, reflecting an 8% year-on-year growth.

The company's cement capacity reached 44.6 million tonnes. Puneet Dalmia expressed optimism about India's transformative decade, marked by significant reforms, and emphasised the transition from a reform phase to a rapid growth phase. With an eye on substantial growth opportunities, he affirmed the company's commitment to achieving a capacity of 110-130 million tonnes by 2031.

Dalmia reported improved margins, with a sales volume increase of 8.1% year-on-year and a 20.3% year-on-year growth in EBITDA to Rs 7.75 billion in Q3FY24. Puneet Dalmia credited stable cement prices and a correction in commodity prices for the margin recovery. The company's net debt to EBITDA ratio remained low at 0.16x, providing ample financial flexibility for executing expansion plans?a factor noted to be among the lowest in the industry.

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..