Construction Industry News
Dalmia Cement Bharat Limited told media that it would invest Rs 200-300 crore in its factory in Belagavi over the next two years to increase cement production.
The action will create approximately 1000 jobs and support Dalmia Cement in advancing its national production capacity to 48.5 million tons (mt) in 2024 and then to 100 mt in 2031, from 36.9 mt currently.
Dalmia will also spend a portion of the pledged funds to establish a solar power capacity of approximately 9 megawatts.
In 2015, Dalmia Bharat had entered Karnataka through its Rs 1,500 crore greenfield facility. It has already generated nearly 3,000 direct and indirect jobs in Karnataka.
Dalmia Cement Ltd is one of the pioneering homegrown cement companies in India. The company, headquartered in New Delhi, operates as Dalmia Cement (Bharat) Ltd, a wholly owned subsidiary of Dalmia Bharat Ltd, and is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
Dalmia Cement has a production capacity of 35.9 million tons per year (mtpa) at 14 cement plants and milling units across 10 states.
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