Dalmia-OCL acquires Germany’s GSB Group for Rs 122 cr

NEW DELHI: Dalmia-OCL acquired German specialty refractory maker GSB Group GmbH for 15 million euros (nearly Rs 122 crore), which would help the company to expand in Europe. With the acquisition, Dalmia-OCL will get access to the steel and refractory industry in Europe and technology to make cleaner steel. Refractory is a specialised heat-resistant material used in making cement, steel, copper, aluminium etc.