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Dalmia Bharat Ltd. ( (IN:DALBHARAT) ) just unveiled an announcement.
Dalmia Bharat Ltd. has addressed recent media reports concerning a decline in its share price, clarifying that the Tamil Nadu Legislative Assembly has passed a new Mineral Bearing Land Tax Act. This act imposes a tax on limestone mining, which is expected to impact cement producers in Tamil Nadu, including Dalmia Bharat. The company anticipates an annual financial impact of approximately Rs.130 Crore due to this tax and plans to transfer the cost to its customers.
More about Dalmia Bharat Ltd.
Dalmia Bharat Ltd. is a prominent player in the Indian cement industry, known for producing high-quality cement products. The company is part of the Dalmia Bharat Group and operates primarily in the construction materials sector, with a significant market presence in India.
YTD Price Performance: -7.17%
Average Trading Volume: 9,557
Current Market Cap: 316.3B INR
Learn more about DALBHARAT stock on TipRanks’ Stock Analysis page.