Update On Odisha Cement Projects
Odisha Cements Limited announced its project updates.
1. The Board of Directors approved the implementation of the scheme of Arrangement & Amalgamation of OCL India Limited and Dalmia Bharat Limited (”DBL”).
2. Record Date for determining the eligible shareholders of DBL shall be communicated shortly.
3. Listing of amalgamated entity expected by early CY19.
Recommissioning of Kalyanpur Cement (now renamed DDSPL)
1. Reinstatement of mining lease and mining operations.
2. CIinker and cement production commenced in Aug’18, in record time frame of 5 months.
3. Achieved guaranteed clinker production.
East proiect on track
Main Plant & Equipment ordered.