India: Dalmia Bharat, through its subsidiaries, has announced a US$400m investment to expand its cement capacity in Maharashtra and Karnataka. The company will build a 3.6Mt/yr clinker unit and a 3Mt/yr grinding unit at its Belgaum plant in Karnataka, alongside a new 3Mt/yr greenfield grinding plant in Pune, Maharashtra. The expansion will be funded through debt and internal accruals. It is expected to increase Dalmia Bharat's total installed capacity to 55.5Mt/yr, including an ongoing 2.9Mt expansion in Assam and Bihar. The new units are scheduled for commissioning by the fourth quarter of the 2027 financial year.
CEO Puneet Dalmia said "This investment is a significant step in our Phase II expansion strategy, bringing us closer to strengthening our position as a pan-India player and reaching our goal of 75Mt/yr capacity by the 2028 financial year. The increase in our production capacity is primarily to meet the growing infrastructure demand in western India."
