Dalmia Cement Ltd. to invest Rs 758 cr in State

| | Bokaro
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Dalmia Cement Ltd. to invest Rs 758 cr in State

Sunday, 29 August 2021 | Rahul Sharma | Bokaro

Dalmia Cement (Bharat) Limited (DCBL), a subsidiary of Dalmia Bharat Limited, is a leading player in the cement manufacturing segment and has been in existence since 1939. Dalmia Cement (Bharat) Limited prides itself at having one of the lowest carbon footprint in the cement world globally. It is the first cement company to commit to RE100, EP100 & EV100 - showing real business leadership in the clean energy transition by taking a joined-up approach.

The leading Indian cement major and a subsidiary of Dalmia Bharat Limited, signed three Memorandum of Understandings (MoU) with the Government of Jharkhand to invest INR 758 crores in the state. First MoU facilitates set up grinding unit in Bokaro with an investment of Rs. 500 crore and to add capacity of 2.6 MTPA taking the overall capacity of the unit to 6.3 MTPA, Second MoU pertains to establish Solar Power plant in Jharkhand with an investment of Rs 250 crore and third MoU to set up Material Recover Facility and Legacy waste-Bio Mining activity for solid waste management under Ranchi Municipal Corporation with an investment of Rs. 8 crore.

The three MoUs were signed in the presence of the Chief Minister of Jharkhand, Hemant Soren, during the two-day Investor Meet organized by the state’s Department of Industry. These investments signify Dalmia Bharat’s commitment towards nation-building along with creating hundreds of direct and indirect job opportunities in the region. It is noteworthy to mention that in addition to these investments, Dalmia Cement (Bharat) Limited will continue to make considerable investments to increase its Corporate Social Responsibility (CSR) initiatives in the region for the social upliftment of the people.

Speaking on signing the MoUs,  Mahendra Singhi, MD & CEO, Dalmia Cement (Bharat) Ltd. said, “We are grateful to the Government of Jharkhand and the people of Bokaro for their wholehearted  support in letting us play an active role in not just industrial, but holistic development of the region”

Earlier this month, Dalmia Bharat Limited had unveiled a long-term plan to grow its cement capacity in the country. It plans to raise its cement manufacturing capacity to 110-130 million tonnes per annum by 2031, which would be done through a mix of organic & inorganic opportunities with an inclination towards the more planned & cost-effective organic route.

The company will expand into new regions of operations while consolidating its position in its existing markets.

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