Dalmia Bharat announces investment of Rs 3,520 crore in Karnataka, Maharashtra

Mumbai: One of India’s leading cement companies, Dalmia Bharat Ltd, through its subsidiaries, has announced a strategic investment of approximately Rs 3,520 crore in Maharashtra and Karnataka.

As part of this initiative, the New Delhi-based company will establish a 3.6 MnTPA clinker unit and a 3 MnTPA grinding unit at its existing Belagavi plant in Karnataka coupled with a new greenfield split grinding unit with a capacity of 3 MnTPA in Pune in Maharashtra. 

The Belgaum grinding unit will cater to the underserved Southern Maharashtra markets while enhancing share in the existing region by improving penetration.

On the other hand, Pune grinding unit will entirely cater to the untapped Western Maharashtra markets. The initiative is a part of the company’s vision to be a PAN India player and achieve 75 MnTPA capacity by FY28 and 110-130 MnT by 2031.

The capex will be funded through a combination of debt and internal accruals. 

With this expansion, Dalmia Bharat’s total installed cement capacity will increase to 55.5 MnTPA, after considering the ongoing expansion of 2.9 MnT at Assam and Bihar. 

These new units are expected to be commissioned by Q4 FY27.

In a statement, Puneet Dalmia, Managing Director & CEO, Dalmia Bharat Ltd, said, “This investment is a significant step in our Phase II expansion strategy, bringing us closer to strengthen our position as a pan-India player and to reach intermittent goal of 75 MnT capacity by FY28. The increase in our production capacity is primarily to meet the growing infrastructure demand in Western India.”