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Dalmia Bharat on tough terrain as sectoral woes hurt
Mint Mumbai
|December 19, 2024
As the cement sector struggles with muted prices, some firms may feel more heat than others.
A case in point is Dalmia Bharat Ltd. Its two core markets—east and south—are poised to see increased pricing pressure.
A spree of capacity additions in the east by various cement companies would increase supply. In the south, the fight for volume share is set to intensify after pan-India player Ambuja Cements Ltd acquired Penna Cement Industries, and UltraTech Cement Ltd bought a stake in The India Cements Ltd.
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