Dalmia Cement to infuse Rs 200-300 cr in Belagavi plant in 2 years

Dalmia Cement Bharat Limited told the media that it would invest Rs 200-300 crore in its Belagavi plant over the next two years in a bid to increase cement production.

The action will create about 1000 jobs and support Dalmia Cement in promoting its national production capacity to 48.5 million tonnes (mt) by 2024 and then to 100 mt by 2031, from 36.9 mt presently.

Dalmia will also spend some of the promised amounts to establish a solar power capacity of about 9 megawatts.

In 2015, Dalmia Bharat had forayed into Karnataka via its Rs 1,500 crore greenfield facility. It has already generated nearly 3,000 direct and indirect jobs across Karnataka.

Dalmia Cement Ltd is one of pioneering homegrown cement companies of India. Headquartered in New Delhi, the firm functions as Dalmia Cement (Bharat) Ltd, which is a 100% subsidiary of Dalmia Bharat Ltd, and is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

Dalmia Cement operates a manufacturing capacity of 35.9 million tonnes per annum (mtpa) across 14 cement plants and grinding units, which are spread over 10 states.

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Also read: Dalmia Cement increases solar power plant capacity to 17.1 MW