Dalmia Bharat aims to establish a clinker unit and a grinding unit at its Belgaum, Karnataka plant, along with setting up a greenfield split grinding unit in Pune Maharashtra.
"Dalmia Bharat Limited, one of India’s leading cement companies, through its subsidiaries, has announced a strategic investment of approximately Rs 3,520 crore in the states of Maharashtra and Karnataka. As part of this initiative, the company will establish a 3.6 MnTPA clinker unit and a 3 MnTPA grinding unit at its existing Belgaum plant, Karnataka coupled with a new greenfield split grinding unit with a capacity of 3 MnTPA in Pune, Maharashtra," it said in an exchange filing.
The company plans to fund the capacity expansion through a combination of debt and internal accruals, it said in the exchange filing.
Talking about the company's plans, Puneet Dalmia, managing director and CEO of Dalmia Bharat, stated in the exchange filing, “This investment is a significant step in our Phase II expansion strategy, bringing us closer to strengthen our position as a pan-India player and to reach intermittent goal of 75 MnT capacity by FY28”.
The increase in our production capacity is primarily to meet the growing infrastructure demand in Western India, he added.
After the expansion, Dalmia Bharat’s total cement capacity will increase to 55.5 MnTPA, after considering the ongoing expansion of 2.9 MnT in the states of Assam and Bihar. These new units are expected to be commissioned by Q4FY27, the company stated in its exchange filing.
