Dalmia Cement (Bharat) has signed three memorandums of understanding (MoUs) with the Jharkhand government to invest Rs 758 crore in the state.
The company would spend Rs 500 crore in the regulatory filing in its production unit at Jharkhand Industrial Area Development Authority (JIAD) Bokaro. Besides expanding its current capacity of 3.7 mmt by debottlenecking, the firm plans to establish a new grinding unit, taking the total cement producing capacity at Bokaro to 6.3 mtpa.
Dalmia Cement has also signed an agreement with the Jharkhand government to establish a solar power plant to supply clean energy to the state.
Therefore, Dalmia Cement would spend Rs 250 crore for setting up the solar plant.