Dalmia Cement Bharat is now Dalmia Bharat Sugar and Industries

NEW DELHI: Dalmia Cement (Bharat) on Tuesday said that the name of the company has been changed to Dalmia Bharat Sugar and Industries Ltd after restructuring of the business.

"To reflect the post restructuring businesses, the name Dalmia Cement (Bharat) Ltd has been changed to Dalmia Bharat Sugar and Industries Ltd with effect from September 7 as intimated by Registrar of Companies," the company said in a statement.

The particulars of the name change are being forwarded to stock exchanges for the change of the existing name to the new name, it said, adding that stock exchanges would shortly make the necessary changes.

In March this year, Dalmia Cement (Bharat) had announced demerger of its cement, power and refractory businesses to a new entity -- Dalmia Bharat Enterprises Ltd (DBEL). The sugar business was retained in the parent company.

Under the demerger scheme, the shareholders of the Dalmia Cement (Bharat) Ltd (renamed to Dalmia Bharat Sugar and Industries Ltd) are entitled to shares of the new entity DBEL in the ratio 1:1.

Dalmia Bharat Sugar and Industries has 22,500 tonnes per day sugarcane crushing capacity at three plants in Uttar Pradesh.