4700 employees of Dalmia Bharat Group – one of India’s leading conglomerates have voluntarily dedicated their one day’s salary – collectively amounting to ? 1.6 crores to fight COVID-19 pandemic that has crippled most of the major economies across the world. The contribution is being made to the PM-CARES Fund, a dedicated national fund with the primary objective of dealing with current emergency situation.

Earlier this month, in its humble bid to contribute to a national cause, Dalmia Bharat Group had committed ? 25 crores to the PM-CARES Fund as part of its endeavour to assist the government’s massive efforts against the pandemic. The group has already dedicated their Schools, playgrounds, guest houses and technical centres across plants as facilities for tackling Covid 19 cases. The canteens of the Dalmia Bharat plants across India are currently being used to prepare food for local distribution in the regions.

Besides contributing monetarily, the employees are working closely with the local administration in supporting people, across all locations where they are present by providing PPE’s, essential medicines, ration, grocery and accommodation. A large number of food packets are being distributed by them through the local Municipalities to the needy and homeless near their plant locations.

About Dalmia Bharat Group

Dalmia Bharat Group (www.dalmiabharat.com) is a leading Indian conglomerate with a strong presence in Cement, Sugar and Refractories. The Group has a turnover of over 11,000 crore. Dalmia Bharat commenced operations in 1939 and has played a defining role in India’s manufacturing sector. The group has significant market presence in each of its sectors of operation. Its cement business has grown exponentially since 2006 in terms of capacity and production and the company is a leader in the specialty cements space. Dalmia Cement is the only cement company in the world to have the lowest carbon footprint. In sugar, the group is a prominent generic player catering to most of the leading businesses in India. The Group also caters to an enduring and growing customer base in the refractories business.

Key Highlights for the year:-

 Completed 25 years of sugar business.

 Completed Sugar expansion to 6600 TCD and commissioned Incineration boiler at our Jawaharpur Unit in U.P.

 Achieved a higher crush level of 48.5 LMT in the Sugar Season 19-20 vis-à-vis 46.06 LMT in the last season.

 Achieved highest ever crush of 12.13 LMT in Maharashtra Units, inspite of reduction in crush of over 40% in the State.

 Achieved highest ever distillery production at 68K KL as against 45K KL last year.

Outlook of Sugar Industry:-

All India Sugar Production in the current season 19-20 is estimated at 27 MMT as compared to 33 MMT in the last season, due to decline in production in Maharashtra and Karnataka. However, due to demand destruction of over 1 MMT due to Covid-19, sugar inventory levels are estimated to be fairly high.

With a view to help out the industry, the Government had taken various proactive measures like creation of buffer stock, export subsidy under the MAEQ scheme, fixation of MSP for sugar, extending soft loans to the industry and promoting sugar diversion to ethanol through B Heavy route etc. as per the need of the industry and the farmers. Industry is expecting Government to extend all these schemes for forthcoming sugar season 20-21 also along with increase in MSP which should help the industry to overcome the inventory overhang.

For Dalmia Bharat Sugar and Industries Limited

Dalmia Bharat Sugar & Industries Limited (DBSIL) (BSE Code: DALMIASUG/500097 |NSE Symbol: DALMIASUG), has business interests in integrated sugar (including cogen and distillery), windfarms, magnesite and miscellaneous businesses. The company has three sugar factories located in Uttar Pradesh (Ramgarh, Jawaharpur and Nigohi) and in Maharashtra (Kolhapur and Sangli). The company has aggregate sugarcane crushing capacity of 34000 TCD, distillery and co-generation operation of 240 KLPD and 119 MW respectively. For more information, visit us at www.dalmiasugar.com