|COMPANY NAME||DALMIA REFRACTORIES LTD|
|NATURE OF BUSINESS||MANUFACTURING CHEMICAL PRODUCTS|
|PROMOTERS||SANJAY DALMIA GROUP|
Kohlberg Kravis Roberts puts 500 cr in Dalmia firm
US private equity major Kohlberg Kravis Roberts (KKR) has invested 500 crore as the first tranche of its proposed investment, in Avnija, a wholly-owned subsidiary of Dalmia Bharat Enterprise Limited (DBEL). In May, DBEL and KKR had entered into definitive agreements under which KKR agreed to invest up to 750 crore.
“While the company is well capitalised today, the additional capital enables us to aggressively consolidate our existing market position, de-leverage our balance sheet and pursue attractive organic and inorganic growth options, given the current downcycle,” said Puneet Dalmia, managing director, Dalmia Cement.
Avnija has cement manufacturing facilities at Dalmiapuram and Ariyalur in Tamil Nadu and at Kadapa in Andhra Pradesh, with a total capacity of 9 mtpa. The company also holds 45.4 pre cent stake in OCL India Limited, which has a capacity of 5.3 mtpa, and owns Dalmia Cement Ventures Limited which has upcoming green field projects of 10 mtpa across the country.
Shri Nataraj Ceramic and Chemical Industries (SNCCIL) was fused in 1973 and has a place with the Dalmia gathering. It is occupied with the refractories business with plants situated at Khambalia in Gujarat and Punakulam and Dalmiapuram in Tamilnadu. It has gone into a specialized joint effort with A Fleicshmann, Germany. In Mar.’94, it extended the stubborn making limit of its Khambalia plant to 28,000 tpa. Keeping in see the dreary possibilities, most resources of Punakulam works were arranged off at the most ideal cost aside from the land and building.
The market for high-aluminum refractories, the principle result of the organization, is getting increasingly serious. The organization is finding a way to overhaul the assembling procedure and furthermore grow new items which will give better exhibitions. It additionally makes stoneware. Shri Nataraj Investment and Shri Chamundeshwari Minerals are auxiliaries of SNCCIL. The organization has gotten the ISO 9002 confirmation for its Dalmiapuram unit and is the first in the hard-headed industry to get this endorsement.
During 1997/98, the ISO 9002 accredition for the quality framework regarding assembling of every single obstinate item at its Dalmiapuram Works has been reestablished further for a time of three years.
The organization is wanting to present superior refractories for Tunnel Cars in Ceramic Industry.