Dalmia's new Karnataka plant scheduled for March completion

Dalmia Cement (Bharat) Ltd has said its new plant in Karnataka will start production before the close of the current fiscal year and serve the neighbouring state of Maharashtra.

Speaking to local reporters, Vipin Agarwa, CEO, South-Cement. Dalmia Bharat Group, told the Business Standardt aht the new 2.5Mta is expected to begin production by March 2014. He further added that the company plans to sell some of its product to the Maharashtra market which offers a good potential.

The project has been funded through a combination of debt and internal accruals. Following the plant’s commissioning, Dalmia's total installed cement capacity will be lifted from 9Mta to 11Mta.