50 Manufacturing Companies – Dalmia Cement (Bharat)

The fact that the Indian government stands reaffirmed in its commitment to enhance the manufacturing sector can be deduced from its intention to increase the share of the manufacturing sector in the nation’s GDP to 25% by 2022, up from 16% today. A look at some numbers further clarifies the sectoral resurgence since India’s industrial output grew at an 11-month high of 8.1% in October. Key contributions here came from mining, power, and manufacturing sectors. Clearly, as manufacturing finds its feet in the country after a couple of challenging years, cement is set to play an incisive role in the economic development of the country.
Any growth can only be a result of a committed & sustainable operationalisation of a visionary journey. “The Group has become a bellwether for the sector through a number of far-reaching strategic initiatives, not least of which are its focus on sustainability and environment. We have the lowest carbon footprints in the global cement world and the company has been rated as top cement player globally on business readiness for a low carbon transition,” says Singhi.
The company is also one of the top five cement companies in India and a water positive group. Since its total capacity is expected to rise by 50% to 37MT against 26MT in next one year, it’s optimistic about the growth of the economy.
He is aware that a business leader today needs tremendous communication skills added to data-driven analytical insights. It is important that businesses take strategic decisions at a time when growth trajectories are the way to go forward. Today, it has successfully consolidated its businesses for maximising efficiencies, and is growing through expansions as well organically. Its plans apropos Orissa, West Bengal, Jharkhand, and the acquisitions and turnaround of ailing units such as the one in Bihar are cases in point of leveraging local opportunities and the economies of scale.
Policy support such as that from a more streamlined GST and the new Bankruptcy law, plus the demand firming up in the wake of highways, power, and housing, should see manufacturing grow. The growth of the sector is expected to accelerate to 8-9 % this fiscal.