Dalmia Cement (Bharat) Limited

Dalmia Cement (Bharat) Limited is an Indian company in the cement & cement products industry (formerly Avnija Properties Limited and Avnija Finance Limited) with 2 outstanding bonds (ISINs) recorded on this page. Stated coupons on its fixed-rate bonds range from 7.42% to 7.49% a year. Maturity dates run from 12 Jun 2032 to 12 Jun 2035. NSDL records all 2 whose terms it holds as secured. Latest credit ratings on record: CARE AA+ (Stable) (action dated 5 Jan 2026); CRISIL AA+ (Stable) (action dated 13 May 2025). Verify current terms against the official documents linked on this page.

Data as of 15 Nov 2026 (snapshot 20261115-2253) · How this page is compiled

Issuer overview

Legal name
Dalmia Cement (Bharat) Limited
Formerly
Avnija Properties Limited; Avnija Finance Limited
CIN
U65191TN1996PLC035963
LEI
335800JB2YEJWCPQVQ12
Company status
Unlisted
Industry
Cement & Cement Products
Business
Cement & Cement Products
Ownership
Non PSU
ISIN issuer code
INE755K
Outstanding bonds (ISINs)
2
Stated coupons (fixed rate)
7.42% – 7.49%
Maturity dates
12 Jun 2032 – 12 Jun 2035
Secured (NSDL)
2 of 2
Combined issue size of outstanding bonds
₹950 crore

Issue size is the amount each bond raised when it was issued, as recorded by NSDL. It is not the amount still outstanding today (bonds can be partly redeemed or bought back) and not the company's total debt.

Dalmia Cement (Bharat) bonds: ISIN, coupon and maturity

2 outstanding bonds, by maturity date.

ISIN Type Coupon Interest paid Allotted Maturity Face value Issue size (₹ cr) Security Guarantee Rating (NSDL)
INE755K07272 NCD 7.42% Yearly 12 Jun 2025 12 Jun 2032 ₹1,00,000 350 Secured None recorded CRISIL AA+ 13 May 2025
INE755K07264 NCD 7.49% Yearly 12 Jun 2025 12 Jun 2035 ₹1,00,000 600 Secured None recorded CRISIL AA+ 13 May 2025
Notes on this table
  • Outstanding means the maturity date has not passed, according to the depository record. It does not confirm that a bond has not been redeemed early, called or bought back.
  • Type, coupon, interest frequency, allotment date, issue size, security and guarantee are as recorded by NSDL India Bond Info, the depository's record of each ISIN. Search an ISIN on NSDL India Bond Info to see its full record.
  • "Secured" and "Guarantee" are NSDL's classification. What the security is, the asset cover and the terms of any guarantee or co-obligor are in the offer document and the debenture trust deed; this page does not infer them.
  • Prices and yields are not shown. They change with every trade: see BSE and NSE.
  • Terms used in this table: ISIN · Coupon rate · Yield to maturity (YTM) · Secured NCD · Unsecured NCD · Credit rating.

Dalmia Cement (Bharat) credit rating

Latest rating by agency on the outstanding bonds (NSDL India Bond Info)
Agency Rating Outlook Latest action Action date Bonds Status
CARE AA+ Stable Reaffirm 5 Jan 2026 2 Checked 4 Nov 2026
CRISIL AA+ Stable New 13 May 2025 2 Verified by NSDL · Over 12 months old · Checked 4 Nov 2026
Rating history
Date Agency Rating Outlook Action
5 Jan 2026 CARE AA+ Stable Reaffirm
4 Aug 2025 CARE AA+ Stable Reaffirm
15 May 2025 CARE AA+ Stable New
13 May 2025 CRISIL AA+ Stable New

Rating actions on the issuer's bonds as recorded by NSDL, newest first. Earlier lines are history, not the current rating.

A credit rating is the agency's opinion and can change at any time. Check the agency's website for the latest action: CRISIL, CARE

Private placements and disclosure documents

Allotted ISIN Redemption Disclosure documents
12 Jun 2025 INE755K07264 12 Jun 2035 Placement memorandum on BSE
12 Jun 2025 INE755K07272 12 Jun 2032 Placement memorandum on BSE

From BSE's list of privately placed debt. The documents are the issuer's own; the offer document and debenture trust deed are the authoritative source for each bond's terms.

Company details

Date of incorporation
4 Jul 1996
Category
Dalmia Cement (Bharat) Limited (DCBL), as per the credit rating report, is engaged in the business of manufacturing cement. The company has a clinker capacity of 23.5 MTPA to support cement operations. It is a part of the Dalmia Bharat Group. The company was incorporated in 1996 and has its registered office located in Tamil Nadu.
Class
https://www.dalmiacement.com/
Listed / unlisted
Unlisted
Registered office
Dalmiapuram Tiruchirappalli - 621651 TAMIL NADU
State
Tamil Nadu
Registrar of Companies
Chennai
Authorised capital
4,015.35 cr.
Paid-up capital
239.05 cr.
Last AGM
30 Jun 2026

Dalmia Cement (Bharat) bonds: questions and answers

What bonds has Dalmia Cement (Bharat) Limited issued?

Dalmia Cement (Bharat) Limited has 2 outstanding bonds recorded on this page. By type, as described by NSDL: 2 NCDs.

What are the ISINs of Dalmia Cement (Bharat) Limited bonds?

Its 2 outstanding bonds each have their own ISIN, for example INE755K07272, INE755K07264. All are listed in the bond table on this page. ISINs of this issuer begin with its issuer code, INE755K.

What coupon rates do Dalmia Cement (Bharat) Limited bonds pay?

Stated coupons on its fixed-rate outstanding bonds range from 7.42% to 7.49% a year on face value. The bond table gives the coupon and interest frequency of each ISIN. The coupon is not the yield: the yield an investor earns depends on the price paid.

When do Dalmia Cement (Bharat) Limited bonds mature?

Its outstanding bonds have maturity dates from 12 Jun 2032 to 12 Jun 2035. The bond table lists the maturity date of each ISIN.

What is the latest credit rating of Dalmia Cement (Bharat) Limited bonds?

NSDL India Bond Info records CARE AA+ (Stable) (action dated 5 Jan 2026); CRISIL AA+ (Stable) (action dated 13 May 2025) on its outstanding bonds. Checked on NSDL on 4 Nov 2026. A rating is the agency's opinion and can change at any time.

Are Dalmia Cement (Bharat) Limited bonds secured, unsecured or guaranteed?

NSDL records all 2 outstanding bonds whose terms it holds as secured. None is recorded as guaranteed. What the security is, the asset cover and the terms of any guarantee or co-obligor are set out in the offer document and the debenture trust deed; this page does not infer them.

Is Dalmia Cement (Bharat) Limited the same company as Avnija Properties Limited?

Yes. Dalmia Cement (Bharat) Limited was formerly known as Avnija Properties Limited and Avnija Finance Limited; bonds issued under the earlier name are obligations of the same company. Its Corporate Identification Number (CIN) is U65191TN1996PLC035963.

Where can investors find the original disclosure documents for Dalmia Cement (Bharat) Limited bonds?

Each ISIN's record, including its terms and rating history, is on NSDL India Bond Info (search the ISIN). The offer document (shelf prospectus, tranche prospectus or general information document and key information document) and the debenture trust deed set out the full terms; listed issuers publish them on BSE or NSE. For the private placements listed on this page, each row links to the disclosure documents on BSE.

How can investors check the current market price or yield of Dalmia Cement (Bharat) Limited bonds?

This page does not show prices or yields. Trades in these bonds are reported on BSE and NSE, which publish the price and yield of each trade, usually by the end of the trading day. Many corporate bonds trade rarely, so a recent price may not exist; an old trade is not a current price.

Sources and dates

Data as of 15 Nov 2026 (snapshot 20261115-2253). Facts on this page last changed on 27 Oct 2026. Rating dates above are the agencies' action dates, which can be much older than the data date. This page is for information only. It is not investment advice, a credit rating or a recommendation to buy, sell or hold any security. Facts are taken from the issuer's own documents and the sources linked on this page; check them with the source before investing.

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Bond Interpretation is an information resource on Indian corporate bond issuers, published by Newsinterpretation. It covers the companies behind corporate bonds and non-convertible debentures (NCDs): their outstanding bonds with ISIN-level terms, credit ratings as recorded by the depository, private placements and public NCD issues. It brings together depository (NSDL India Bond Info), exchange (BSE and NSE) and company records, and shows the source and date of each fact. The pages are compiled automatically from those records. Bond Interpretation publishes no credit ratings, opinions or recommendations to buy, sell or hold of its own.

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