Dalmia Bharat Plans Rs 3,520-Crore Capex In Karnataka, Maharashtra
Dalmia Bharat Ltd. on Friday announced that it will be investing approximately Rs 3,520 crore in Karnataka and Maharashtra via its subsidiaries—Dalmia Cement Bharat Ltd. and Dalmia Bharat Green Vision Ltd.
The company will fund the capex through a combination of debt and internal accruals, according to a release.
The company said that as part of the initiative, it will establish a 3.6 million tonner per annum clinker unit and a 3 MTPA grinding unit at its existing Belgaum plant in Karnataka.
It will also construct a new greenfield split grinding unit with a capacity of 3 MTPA in Pune.
According to the statement, this expansion when combined with the ongoing expansion of 2.9 MTPA at Assam and Bihar, will result in Dalmia Bharat's total installed cement capacity increasing to 55.5 MTPA.
These new units are expected to be commissioned by the fourth quarter of fiscal 2027.
The Belgaum grinding unit will cater to the underserved southern Maharashtra markets while enhancing share in the existing region by improving penetration.
Meanwhile, grinding unit in Pune will entirely cater to the untapped western Maharashtra markets.
Dalmia Bharat's Managing Director and Chief Executive Officer Puneet Dalmia called the investment “a significant step in our Phase II expansion strategy”.
He said with the move, the company will strengthen its position as a pan-India player and will help it achieve the intermittent goal of 75 MTPA capacity by fiscal 2028. “The increase in our production capacity is primarily to meet the growing infrastructure demand in Western India,” Dalmia asserted.
He added, “We remain committed in realising our goals of capacity expansion, while staying focused on operational excellence and creating long-term value for our stakeholders.”
The capacity additions will also continue to be in line with Dalmia Bharat's sustainability-driven approach and its commitment to supporting India's infrastructure and development goals, he asserted.
Shares of Dalmia Bharat Ltd. closed 2.41% lower at Rs 1,687.75 apiece on the BSE, compared to a 1.9% decline in the benchmark Sensex.
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