Dalmia Bharat to Invest Rs 2,600 Crore in Tamil Nadu over 4 years
Dalmia Bharat Cement Ltd., a subsidiary of Dalmia Bharat Ltd., is set to invest about Rs 2,600 crore in Tamil Nadu over a period of four years. This amount will be used to set up two greenfield grinding units of 2 Million Metric Tonnes Per Annum (MMTPA) capacity each and for the expansion of its existing facilities. Dalmia Cement already has two manufacturing units in Tamil Nadu, one in Tiruchirappalli and the other Ariyalur.
The company has already identified land in Tamil Nadu’s Virudhunagar district for setting up one of its greenfield grinding units. Dalmia Cement will invest Rs 600-800 crore for this grinding unit which will create about 500 new jobs in the region.
For the second greenfield grinding unit, the company is considering land south of Chennai.
Dalmia Bharat had earlier this year announced a Capex plan of Rs 9,000 crore to increase its cement production capacity to 48.4 MMTPA by FY-24.