▶ mess,” says Puneet Dalmia in a calm voice. Dressed casually in a T-shirt, the Managing Director of Dalmia Bharat Group is all keyed up when he talks about the cement business. The “mess” he is referring to is in connection with the buyout of Murli Industries, a Nagpur-based company, announced in late 2017 through the IBC process. The ₹402-crore acquisition brought to the table capacity of 3 million tonnes per annum (mtpa) in Maharashtra’s Chandrapur region. From a strategic point of view, it was a necessity. The cement major needed a presence
ADDING UP THE PENNIES
Apr 28, 2023
3 minutes
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