Dalmia decides on capacity additions, India

Dalmia decides on capacity additions, India
Published: 12 March 2010

To supplement its manufacturing capacity at the upcoming cement plants in Madhya Pradesh, Himachal Pradesh and Meghalaya, Dalmia Cement, has decided to raise INR1200 crore to part financing its expansion plans and doubling the capacity in the next four years.

The company is in the process of implementing a INR4,500 crore plan to raise annual production capacity to 20Mt from the current 10Mta by 2014. The Dalmia Cement Ventures, the investment vehicle floated by the company to raise funds to meet the new expansion plans, has already raised INR3,200 crore from banks and other financial institutions.