Dalmia Bharat Refractories in talks for acquisitions in Europe

Dalmia Bharat Refractories Ltd., part of Dalmia Bharat Group, is planning to tap into export markets specially Europe, West Asia, Africa and Asia - including Vietnam and Bangladesh - apart from its presence in India.

The company is planning overseas acquisitions and talks are on with two probable entities in Europe. At least one of the two acquisitions is expected to materialize by the end of this calendar year.

The company is also planning a capex of Rs. 300 crores over the next three-four years as it looks to ramp-up and invest towards research and development across units.