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Dalmia mulls over Rs 1,800-cr expansion plan

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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, Karnataka, its plants in North-East would entail an estimated investment of Rs 500 crore for capacity expansion, said Puneet Yadu Dalmia, Managing Director. According to Dalmia, the company currently has a total capacity of 17 mt and wants to add nearly four mt capacity by 2014-15. Acquiring Adhunik, Meghalaya based company, Dalmia is an early mover into the Northeastern market. As per the press release, acquiring a 50 per cent stake in Calcom Cement for 283 crores, Dalmia furthermore added 26 per cent in Calcom by investing Rs 77 crore. 8 crore, and would be open to ‘selective acquisitions’ in the Northeast.Contact: Dalmia Cement.Tel: 04329-235144.Website: www.dalmiacement.com

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