Dalmia Bharat's Massive Cement Expansion in Maharashtra and Karnataka

Dalmia Bharat is set to invest Rs 3,520 crore to enhance cement production in Maharashtra and Karnataka by 6 MnTPA. The investment includes new clinker and grinding units to aid expansion and meet growing infrastructure demands in Western and Southern India.

Cement giant Dalmia Bharat announced a substantial investment plan of approximately Rs 3,520 crore aimed at expanding its cement production capacity in Maharashtra and Karnataka. This strategic move will augment Dalmia Bharat's output by 6 million tonnes per annum (MnTPA).

The investment includes the establishment of a 3.6 MnTPA clinker unit and a 3 MnTPA grinding unit at the company's existing Belgaum facility in Karnataka. Additionally, a new greenfield split grinding unit with a capacity of 3 MnTPA will be set up in Pune, Maharashtra. The company stated that the capital expenditure will be funded through a mix of debt and internal accruals.

Dalmia Bharat Managing Director and CEO, Puneet Dalmia, emphasized that this investment is a critical component of the company's Phase II expansion strategy. The increased production capacity aims to fulfill the burgeoning infrastructure demand in Western India.

(With inputs from agencies.)