1. Dalmia Bharat Refractories Ltd, part of the Dalmia Bharat Group, plans to tap into ex- port markets particularly Europe, West Asia, Africa and Asia apart from consolidating presence in India.
2. Dalmia Bharat Refractories Ltd was formed following the merger of three different refractory units of the Dalmia Bharat Group. The merger was completed in March 2022. The company aims to be listed on the BSE by end-FY23 (one of the merged entity is listed on the Calcutta Stock Exchange and Metropolitan Exchange).
3. Dalmia Bharat Refractories Ltd, the company is eyeing a turnover of 1,500 crore this fiscal, a 20 per cent rise year-on-year. In both the domestic and inter national markets, refractory growth is being driven by the steel and cement sectors, and also a "China plus one strategy" that companies are taking up to de-risk supply chains post Covid-led disruptions.
4. We have started some trials in Germany before we turn regular suppliers and tap deeper into the export market. We are already present in added advantage". Germany, Belgium, Italy and France in Europe for steel re- fractories; in Spain, Canada, West Asia, Nigeria, Kenya and Morocco for cement refractory. We are looking to gain a greater share of the customers' wallet in these markets and in India.
5. At least one of the two acquisitions we are looking at should materialise by the end of this calendar year. We can take external funding, if required.Dalmia Bharat Refractoies will also look at a capex of 300 crore over the next three-four years as it looks at a capacity ramp-up and "investment towards R&D" across units. Around 80-100 crore has been spent between FY19 and FY21.6. In unlisted market, shares of Dalmia Refractory were previously available but after the merger in March-2022, the name of Dalmia Refractory has been changed to Dalmia Bharat Refractory. So, all the shareholders who were previously holding Dalmia Refractory are now having Dalmia Bharat Refractory shares in their demat account. But after the merger, the company has locked the shares of Dalmia Bharat Refractory. So, they can't be transferred.
6. In unlisted market, shares of Dalmia Refractory were previously available but after the merger in March-2022, the name of Dalmia Refractory has been changed to Dalmia Bharat Refractory. So, all the shareholders who were previously holding Dalmia Refractory are now having Dalmia Bharat Refractory shares in their demat account. But after the merger, the company has locked the shares of Dalmia Bharat Refractory. So, they can't be transferred.
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