Connect with us

Economy & Market

Dalmia Cement mulls Rs 1,800-cr expansion plan

Published

on

Shares

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.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Concrete

Holcim UK drives sustainable construction

Published

on

By

Shares

Holcim UK has released a report titled ‘Making Sustainable Construction a Reality,’ outlining its five-fold commitment to a greener future. The company aims to focus on decarbonisation, circular economy principles, smarter building methods, community engagement, and integrating nature. Based on a survey of 2,000 people, only 41 per cent felt urban spaces in the UK are sustainably built. A significant majority (82 per cent) advocated for more green spaces, 69 per cent called for government leadership in sustainability, and 54 per cent saw businesses as key players. Additionally, 80 per cent of respondents stressed the need for greater transparency from companies regarding their environmental practices.

Image source:holcim

Continue Reading

Concrete

GCCA releases LCR system

Published

on

By

Shares

The Global Cement and Concrete Association (GCCA) has launched the Low Carbon Ratings (LCR) system for cement and concrete, a new global rating based on products’ carbon footprints. The system uses a clear AA to G scale to help customers prioritise sustainability in material selection across construction sectors worldwide. The GCCA says that the LCR system is designed to be easily recognisable, with a simple visual graphic that indicates a product’s rating and provides consistency and comparability to other products.

Image source:highways.today

Continue Reading

Concrete

FLSmidth opens eco-friendly plant in Casablanca

Published

on

By

Shares

FLSmidth has inaugurated a €21 million mill liner manufacturing plant in Casablanca, covering 11,250m² with a production capacity of 6,500 tonnes annually. The LEED-certified facility significantly reduces carbon emissions by up to 56 per cent and fully recycles water used in the manufacturing process. Up to 250 jobs will be created in the Valparaíso region. Mikko Keto, CEO, highlighted the plant as a symbol of FLSmidth’s commitment to sustainable mining and community engagement in South America. Earlier in 2024, the Denmark-based company announced plans to sell its cement division to sharpen its focus on mining operations.

 

Continue Reading

Trending News

SUBSCRIBE TO THE NEWSLETTER

 

Don't miss out on valuable insights and opportunities to connect with like minded professionals.

 


    This will close in 0 seconds