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Showing posts with label OCL India. Show all posts
Showing posts with label OCL India. Show all posts

OCL India Commissions 2 MTPA Capacity Cement Plant in West Bengal

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The marvellous journey of OCL India started when a great industrialist with far-sighted vision Jaidayalji Dalmia, set up a cement plant at Rajgangpur during 1950 - 51 at the request of government of Odisha to manufacture super grade cement for use in the construction of Hirakud dam. The origin of OCL India Limited (formerly Orissa Cement Limited) was seeded in the time that signalled India's independence. 

Today, OCL India Ltd, the flagship associate company of Dalmia Cement Bharat Ltd and also a major cement manufacturing organization, announced the commissioning of its third and 2 MTPA (million tonne per annum) capacity, ₹ 615 crore cement plant in West Midnapore of West Bengal.

Built on 154.43 acres, the grinding and mixing unit was formally started at an event attended by the Chief Minister of West Bengal, Ms. Mamata Banerjee, according to a company release. The unit is located at the West Bengal Industrial Development Corporation established Godapiasal Industrial Park, 81 km west of Kolkata.

This is the first unit of OCL India in West Bengal. The other two cement plants of the company are at Cuttack and Rajgangpur in Odisha with a combined production capacity of 5.35 MTPA.
OCL India has already a good share of cement market in West Bengal. 'Konark' Brand cement of OCL India has been extensively used in the construction of the prestigious Hirakud Dam in Odisha and in building some of India's largest roads, bridges and Industrial plants, construction of port facilities, restoration repairs by Archeological Survey of India in Lord Jagannath Temple at Puri, and construction and modernization of steel plants.

The current Market Capitalisation of OCL India stands at ₹ 1,552.81 crore. OCL India has reported a standalone Sales of ₹ 536.40 crore and a Net Profit of ₹ 41.64 crore for the quarter ended Mar 2014.