Dalmia Cement starts commercial production at its Murli Plant

20 Jan 2022 CW Team

Dalmia Cement Bharat Limited (DCBL) has commenced commercial cement production at its Murli Plant in Chandrapur, Maharashtra. The company has added 2.9 million tonnes (mt) to its installed cement capacity. It has expanded its production capacity to 35.9 mt.

The company had acquired the plant for Rs 410 crore and committed to investing Rs 929 crore for its revival, modernisation, expansion and installing green manufacturing equipment, including waste heat recovery systems, solar projects, green fuel systems and robotic labs. Nearly Rs 900 crore is spent from the total of Rs 1,339 crore.

The plant was turned around from its acquisition under the Insolvency and Bankruptcy Code (IBC) process in 15 months.

Previously, the company had unveiled its long-term expansion and investment strategy to expand its installed capacity across India to 110-130 million tonnes per annum (mtpa) by 2031. Its growth strategy is being executed through organic and inorganic opportunities and a cost-effective organic route.

The company is a leading cement manufacturer, with its overall capacity reaching 35.9 mt. It is the fourth largest cement manufacturing company in India by installed capacity. It spread across ten states and 14 manufacturing facilities. The cement produced by the company is used for oil wells, airstrips and railway sleepers. Dalmia Cement is the largest producer of Portland Slag Cement (PSC).

However, its net profit dropped by 12.7% to Rs 204 crore and an 11.41% increase in its net sales to Rs 2,577 crore during the second quarter (Q2) of the September period last year, compared to the same period in 2020.

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Also read: Dalmia Cement Bharat partners with Jharkhand Govt - Construction ...

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