Dalmia Cement to raise northeastern capacity, India
Dalmia Cement plans to invest INR18bn (US$334m) over the next two years to lift capacity to 21Mta through a new greenfield plant and expanding its facilities in northeast India.
Puneet Yadu Dalmia, managing director of Dalmia Cement, told local press that the company’s total capacity will increase to 21Mta at the end of the process from the current 17Mta.
It will invest INR13bn in its upcoming 2.5Mta Greenfield plant in Belgaum city in Karnataka state while its plants in the northeast of India will require an investment of around INR5bn for capacity expansion.
"After the recent set of acquisitions, we are now looking for organic growth. Our total capacity would be 21Mta by March 2014," he said.
Dalmia recently acquired Meghalaya-based Adhunik Cement Ltd for INR5.6bn and had also raised its stake in Calcom Cement India Ltd.