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.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..