Dalmia Cement mulls Rs 1,800-cr expansion plan
For its expansion over the next two years, Dalmia Cement (Bharat) has planned to invest Rs 1,800 crore. While the company would invest Rs 1,300 crore for its upcoming 2.5 million tonne greenfield project at Belgaum in Karnataka, its plants in North-East would entail an estimated investment of Rs 500 crore for capacity expansion, Puneet Yadu Dalmia, Managing Director, told the media in Kolkata on January 18.
According to Dalmia, the company currently has a total capacity of 17 mt and wants to add nearly four mt capacity by 2014-15. The company has roped in Olympic champion boxer Mary Kom as the brand ambassador.
Dalmia Cement (Bharat) has recently acquired Meghalaya-based Adhunik Cement with an investment of nearly Rs 560 crore and increased its stake in Calcom Cement in Assam. Dalmia Cement acquired Adhunik Cement at a phased investment of Rs 560 crore. Dalmia is an an early mover into the north-eastern market.
It added an additional 26 per cent (stake) in Calcom Cement to its existing 50 per cent stake for Rs 77 crore; the initial stake had been acquired for Rs 238 crore, a company release said. Dalmia said his company would be open to 'selective acquisitions' in the North-East.