Dalmia Cement (Bharat) Ltd is expanding its existing manufacturing plant at Belagavi in north Karnataka by investing INR3000m (US$38.3m). The company expects the investment to create up to 700 new jobs by March 2024.
Dalmia Cement Bharat Limited (DCBL), the flagship company of the Dalmia Bharat Group, has set up its greenfield cement plant in Yadwad village, Gokak Taluka.
India’s No. 4 cement maker is boosting its national production capacity to 48.5 million tonnes by 2024 and then to 100 MT by 2031, from 36.9 MT currently.
“We plan to invest INR2000m to INR3000m in the next two years towards manufacturing expansion, in terms of enhanced production capabilities, and renewing our energy commitment by planning a solar power capacity installation of 9MW to reduce electricity consumption by half,” said Sunil Aggarwal, regional director – south, DCBL.