Dalmia Bharat Plans Rs 40,000 Mn Raise To Reach 130 MTPA By FY31
ECONOMY & POLICY

Dalmia Bharat Plans Rs 40,000 Mn Raise To Reach 130 MTPA By FY31

Dalmia Bharat plans to raise up to Rs 40,000 million (mn) to fund an expansion that targets 110 to 130 million tonnes per annum (MTPA) by fiscal year 2031. The fundraise, authorised by the board on May 23, 2026, will use a mix of public and private instruments to support acquisitions, greenfield and brownfield projects. The company presented the strategy as part of a wider aim to scale manufacturing and strengthen its domestic position.

The group currently has about 49.5 MTPA of capacity and intends to scale to 75 MTPA in the medium term while targeting 66.7 MTPA by FY28. Management linked the expansion to an industry demand outlook that projects cement consumption to expand at a compound annual growth rate of six to seven per cent, driven by infrastructure spending, private investment and urbanisation. Geographic expansion into regions with limited presence forms part of the plan alongside strategic capacity additions in existing markets.

The proposed issuance may include equity shares, global depository receipts, American depository receipts, foreign currency convertible bonds, convertible debentures and preference shares, among other securities. Proceeds will be allocated to capital expenditure, the prepayment and repayment of debts, working capital, subsidiary investments and general corporate purposes. The board also reiterated the evaluation of both organic and inorganic avenues to capture growth opportunities.

Earlier announcements outlined strategic investments of Rs 68,000 mn to add 12 MTPA through capacity projects at Belgaum, Pune and Kadapa and the development of a bulk terminal near Chennai to bolster north Tamil Nadu access. The company signed an agreement to acquire Jaiprakash Associates' assets for an enterprise value of Rs 28,500 million to accelerate entry into central markets. Financial results showed record annual EBITDA of Rs 30,830 mn, revenue of Rs 148,040 mn and profit after tax of Rs 11,570 mn in FY26, reflecting improving margins and a premium product strategy. The company plans to pursue premium and blended cement offerings and positioning that aligns with national infrastructure ambitions as it seeks pan-India reach.

Dalmia Bharat plans to raise up to Rs 40,000 million (mn) to fund an expansion that targets 110 to 130 million tonnes per annum (MTPA) by fiscal year 2031. The fundraise, authorised by the board on May 23, 2026, will use a mix of public and private instruments to support acquisitions, greenfield and brownfield projects. The company presented the strategy as part of a wider aim to scale manufacturing and strengthen its domestic position. The group currently has about 49.5 MTPA of capacity and intends to scale to 75 MTPA in the medium term while targeting 66.7 MTPA by FY28. Management linked the expansion to an industry demand outlook that projects cement consumption to expand at a compound annual growth rate of six to seven per cent, driven by infrastructure spending, private investment and urbanisation. Geographic expansion into regions with limited presence forms part of the plan alongside strategic capacity additions in existing markets. The proposed issuance may include equity shares, global depository receipts, American depository receipts, foreign currency convertible bonds, convertible debentures and preference shares, among other securities. Proceeds will be allocated to capital expenditure, the prepayment and repayment of debts, working capital, subsidiary investments and general corporate purposes. The board also reiterated the evaluation of both organic and inorganic avenues to capture growth opportunities. Earlier announcements outlined strategic investments of Rs 68,000 mn to add 12 MTPA through capacity projects at Belgaum, Pune and Kadapa and the development of a bulk terminal near Chennai to bolster north Tamil Nadu access. The company signed an agreement to acquire Jaiprakash Associates' assets for an enterprise value of Rs 28,500 million to accelerate entry into central markets. Financial results showed record annual EBITDA of Rs 30,830 mn, revenue of Rs 148,040 mn and profit after tax of Rs 11,570 mn in FY26, reflecting improving margins and a premium product strategy. The company plans to pursue premium and blended cement offerings and positioning that aligns with national infrastructure ambitions as it seeks pan-India reach.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Walplast HomeSure Posts Strong Q1 Growth Across Categories

Walplast Products reported strong year-on-year growth across key categories of its HomeSure portfolio during the April-June quarter of 2026, supported by demand for value-added construction materials and expansion of its product and distribution network.HomeSure GypEx Walbond recorded the highest growth at 157 per cent, followed by HomeSure GypEx Gypsum Plaster at 97 per cent and HomeSure TileEx Tile Adhesive at 75 per cent. Textures grew 55 per cent, while HomeSure Wall Putty and HomeSure TileEx Tile Cleaner each registered 40 per cent growth. HomeSure TileEx Cementitious Tile Grout grew 25 p..

Next Story
Infrastructure Energy

Vedanta Deploys India’s First High-Speed Hydrostatic Drill Rig

Vedanta Limited has commissioned India’s first high-tech, high-speed hydrostatic portable drilling rig equipped with advanced safety features, strengthening its technology-led mineral exploration capabilities. The rigs have been deployed at two of the company’s exploration projects in Chhattisgarh targeting gold and critical minerals including nickel, chromium and platinum group elements (PGE).Designed for inaccessible and difficult terrain, the portable rig can drill to depths of up to 1,000 metres, compared with the typical 300–400 metre range. Its portability is expected to reduce tim..

Next Story
Infrastructure Transport

ELAN, Marriott Sign Deal for JW Marriott Gurugram Project

ELAN Group and Marriott International have recently signed a licensing and management agreement to develop the JW Marriott Hotel Gurugram and JW Marriott Residences Gurugram at Sector 106 on Dwarka Expressway.The hotel and residences will form part of ELAN Group’s approximately 50-acre integrated township in Gurugram. ELAN Group will undertake the construction and development of both components, while Marriott Hotels India will manage the properties upon completion.JW Marriott Residences Gurugram will comprise 3, 4 and 5 BHK luxury homes. Sales and marketing of the residences will begin afte..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement