Changes for page Dalmia Bharat Ltd
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... ... @@ -127,9 +127,8 @@ 127 127 128 128 Refractories are products used for high temperature insulation and erosion/ corrosion, made mainly from nonmetallic minerals. They are processed and made heat-resistant to the corrosive and erosive action of hot gases, liquids and solids at high temperatures in various types of kilns and furnaces. These refractories find downstream applications in iron and steel, cement, glass, non-ferrous metals, petrochemicals, fertiliser, chemicals, ceramics and even thermal power stations and incinerator sectors 129 129 130 -The size of the Indian refractory industry is estimated at nearly H9,000 Cr. India is the second-largest steel producer and the largest producer of sponge iron globally. India’s steel production witnessed an upward trend from 15 million tonnes (MT) in 1990 to 111 MT in 2019 on the back of investments in infrastructure, construction, and automobile sectors. The steel industry is one of the essential downstream sectors of the refractory industry, expected to drive the demand for refractories. (Source: Economic Times, Financial Express)130 +The size of the Indian refractory industry is estimated at nearly Rs 9,000 Cr. India is the second-largest steel producer and the largest producer of sponge iron globally. India’s steel production witnessed an upward trend from 15 million tonnes (MT) in 1990 to 111 MT in 2019 on the back of investments in infrastructure, construction, and automobile sectors. The steel industry is one of the essential downstream sectors of the refractory industry, expected to drive the demand for refractories. (Source: Economic Times, Financial Express) 131 131 132 - 133 133 = Financial Highlights = 134 134 135 135 Dalmia Bharat is committed to the twin strategic principles of ‘Building a strong and sustainable business foundation’ and ‘Growth for tomorrow’. I am pleased to report that its company did not just address the challenges of the day but also strengthened its business in a sustainable forward-looking way during the year under review. Dalmia Bharat reported a credible performance during the year under review. Even as the cement sector reported volume de-growth in a challenging FY20, its company’s sales volume grew by 3%.