M&A

M&A

Dalmia Bharat Group consolidates India refractory businesses under single legal entity

Business Line  

Dalmia-OCL, the refractory business of the Dalmia Bharat Group, will merge all its domestic businesses into a single consolidated entity as Dalmia Bharat Refractories Ltd (DBRL). Dalmia Refractories Ltd, Dalmia Cement Bharat Ltd-Refractory Unit and GSB India will transition into Dalmia Bharat Refractories Ltd with immediate effect. The consolidation is aimed at strengthening DBRL's financial standing, increasing its investment capabilities, expanding its talent base, positioning the new entity as a trustworthy and long-term partner for its customers in the steel, cement, and other industries having high-temperature processes.