OCL India Ltd, the flagship associate company of Dalmia Cement Bharat Ltd, announced the commissioning of its cement manufacturing unit at West Midnapore, West Bengal.
The Bengal Cement Works was officially inaugurated by Chief Minister of West Bengal, Mamata Banerjee in the presence of dignitaries including Dr Sukumar Hansda, Minister for Paschimanchal Unnayan Affairs; Sandhya Roy, Member of Parliament, Paschim Medinipur; Shri Mrigen Maity, MLA, Salboni; and Shri Sanjay Mitra, IAS, Chief Secretary, Govt of West Bengal.
Commenting on the occasion, Puneet Dalmia, Director, OCL India Ltd said, "Bengal's economy has impressively withstood the continuing slowdown in economic growth in previous years and currently is on a high growth trajectory. We want to grow in Bengal to create a market enduring goodwill by benefitting both our buyers and investors. The current boost in industrialisation in the state has prompted us to replicate our success of Rajgangpur and Cuttack, in Salboni.
"We plan to scale up our presence in the Bengal market by completing the first phase of investment in the plant. Our high-capacity plant located strategically will ensure timely and faster delivery of cement across the state, a significant emerging market for infrastructure development and thereby the cement industry."
Good locational advantage in terms of road and rail network, enriched infrastructural support like that of uninterrupted power supply, supply of water for industrial and potable purposes, other basic facilities like sewerage and drainage etc and incentives available as per The West Bengal State Support for Industry have played a decisive role for OCL India in setting up the plant in Bengal.
OCL India is one of the leading cement players in east India cement market. “Eastern India contributes to around 18 per cent of India’s cement demand and 14 per cent of the total installed capacity. Cement demand growth in East has been robust at CAGR of 9.75 per cent over FY 09 – FY 14 compared to all India growth of 6.5 per cent. Going forward, demand growth in east India is estimated to be around 8% in FY15,” the company said in a statement.
“This plant marks the initiation of the company’s investment cycle in state of West Bengal,” the statement added. OCL India already has two cement plants at Cuttack and Rajgangpur in Orissa with a combined production capacity of 5.35Mta.