Over next two years, Dalmia Cement Bharat Limited said it will invest Rs 200-300 crore in its Belagavi plant in a bid to boost cement production.
The move will create about 1000 jobs and help India’s No. 4 cement maker in boosting its national production capacity to 48.5 million tonnes by 2024 and then to 100 MT by 2031, from 36.9 MT currently.
Dalmia Cement Bharat Limited (DCBL), the flagship company of the Dalmia Bharat Group, is setting up its greenfield cement plant in Yadwad village, Gokak Taluk, Belagavi district in Karnataka. Spread over 380 acres with a total capacity of 2.5 million tonnes per annum.
Dalmia will also spend some of the promised amount to install solar power capacity of around 9 megawatts.
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The cement arm of New Delhi-based Dalmia Bharat had forayed into Karnataka through its Rs 1,500 crore greenfield facility in 2015. It has already generated about 3,000 direct and indirect jobs across the state.
About Dalmia Bharat Ltd. : Dalmia Bharat Limited (DBL) (BSE Code: 533309 (DALMIABHA) |NSE Symbol: DALMIABHA and listed in MSE), part of the Dalmia Group, is a pioneer in the cement manufacturing for over seven decades since 1939. With an expanding India footprint, the company is a category leader in super-specialty cements used for oil well, railway sleepers and air strips. Dalmia Bharat Group has strong foothold in southern and eastern India (including north east India). Dalmia Cement Bharat Ltd, a subsidiary of Dalmia Bharat Ltd, owns 47.3 % stake in OCL India Ltd. The Group with current capacity of 17 million tonnes (along with its subsidiaries and associate) is ranked fourth largest in the Indian cement industry. Post completion of the ongoing expansions, scheduled to be completed by September, 2014, the total capacity including our subsidiaries and associate would be 22 MnT. Visit at http://www.dalmiabharat.com