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Dalmia Cement (Bharat) to infuse Rs 758 cr in Jharkhand

Monday, 30 Aug 2021
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Dalmia Cement (Bharat), a cement major and a subsidiary of Dalmia Bharat, has signed three memorandum of understandings (MoUs) with the government of Jharkhand to invest Rs 758 crore in the state. 
 
The company will infuse Rs 500 crore in its manufacturing unit at the Jharkhand Industrial Area Development Authority Bokaro. 
 
In addition to expanding its existing capacity of 3.7 million tpa through debottlenecking, the company plans to set up a new grinding unit, taking the overall cement manufacturing capacity at Bokaro to 6.3 million tpa. 
 
In line with its commitment to curb carbon emissions, the company has signed a pact with the Jharkhand government to set up a solar power plant to provide clean energy to the state. 
 
The company will further invest Rs 250 crore for establishing the solar power plant. Besides this, another MoU was inked for solid waste management wherein the company will invest Rs eight crore for setting up material recover facility and legacy waste-bio mining activity for solid waste management under the Ranchi Municipal Corporation. 
 
These investments signify Dalmia Bharat’s commitment towards nation-building along with creating hundreds of direct and indirect job opportunities in the region. 
 
In addition to these investments, the company will continue to make considerable investments to increase its Corporate Social Responsibility (CSR) initiatives in the region for the social upliftment of the people. 
 
With the eventual commissioning of this new unit in the region, the company would come a step closer to its plan of increasing its cement capacity from 30.75 million tonne in FY21 to 48.5 million tonne by FY24.
 
Earlier in August 2021, the company had unveiled a long-term plan to grow its cement capacity in the country. 
 
It plans to raise its cement manufacturing capacity to 110-130 million tpa by 2031, which will be done through a mix of organic & inorganic opportunities with an inclination towards the more planned & cost-effective organic route. 
 
The company will expand into new regions of operations while consolidating its position in its existing markets. 
 
 
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