Dalmia Bharat to raise its cement capacity over 48 mt by 2024
Cement

Dalmia Bharat to raise its cement capacity over 48 mt by 2024

Dalmia Bharat aims to increase its cement capacity to over 48 million tonnes (mt) by the end of 2024 from the present 35.9 MT by installing new plants and developing existing facilities, procurements, and debottlenecking of production with an investment of Rs 9,000 crore.

They have an ongoing project of 2.5 mt, greenfield of 3 mt, brownfield of 1.7 mt and development of about 5.3 mt. It will increase the capacity to 48.4 mt by March of FY24, as per Puneet Dalmia, managing director of Dalmia Bharat. Dalmia told the media that the firm has finalised land in Chennai and Tuticorin in Tamil Nadu to install two grinding units and is in an advanced stage of finalising land in Bihar for a new project.

For the December quarter of FY22, the firm recorded a consolidated net profit of Rs 103 crore, which was 44% lower year-on-year, on the back of slow demand and high-cost pressure. It was a challenging quarter. Yet, Dalmia anticipates the hit on profitability to be temporary and said demand is robust in India.

The company is additionally pumping in cost-efficiency technologies.They are making investments to decrease their cost structure.They are making investments to decrease power and heat consumption and new generation coolers and more.

The firm is additionally testing out electric vehicles, comprising electric trucks in Odisha, for transportation. If that works well, they will be funding Electric vehicles (EVs).The firm aims to handle its status of being net debt-free for the next few years.

Image Source

Also read: Dalmia Cement starts commercial production at its Murli Plant

Dalmia Bharat aims to increase its cement capacity to over 48 million tonnes (mt) by the end of 2024 from the present 35.9 MT by installing new plants and developing existing facilities, procurements, and debottlenecking of production with an investment of Rs 9,000 crore. They have an ongoing project of 2.5 mt, greenfield of 3 mt, brownfield of 1.7 mt and development of about 5.3 mt. It will increase the capacity to 48.4 mt by March of FY24, as per Puneet Dalmia, managing director of Dalmia Bharat. Dalmia told the media that the firm has finalised land in Chennai and Tuticorin in Tamil Nadu to install two grinding units and is in an advanced stage of finalising land in Bihar for a new project. For the December quarter of FY22, the firm recorded a consolidated net profit of Rs 103 crore, which was 44% lower year-on-year, on the back of slow demand and high-cost pressure. It was a challenging quarter. Yet, Dalmia anticipates the hit on profitability to be temporary and said demand is robust in India. The company is additionally pumping in cost-efficiency technologies.They are making investments to decrease their cost structure.They are making investments to decrease power and heat consumption and new generation coolers and more. The firm is additionally testing out electric vehicles, comprising electric trucks in Odisha, for transportation. If that works well, they will be funding Electric vehicles (EVs).The firm aims to handle its status of being net debt-free for the next few years. Image Source Also read: Dalmia Cement starts commercial production at its Murli Plant

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?