New Delhi, Jan 17: Dalmia Cement (Bharat) Limited (DCBL) announced the commencement of commercial production at its Murli Plant in Chandrapur district, Maharashtra and thereby adding 2.9 MnT cement capacity to the company’s overall installed capacity.
The company’s installed cement capacity has now grown to 35.9 MnT. The company acquired the plant for Rs 410 crores and further committed to invest Rs 929 crores for the revival, modernisation, expansion and installing green manufacturing equipment.
About Rs 900 crores is spent/committed out of a total of Rs 1339 crores. The plant has been turned around in a record time of 15 months from its acquisition under the Insolvency and Bankruptcy Code (IBC) process.
Earlier, Dalmia Bharat had unveiled its long-term growth and investment strategy to expand its installed cement capacity across the nation to 110-130 million tonnes per annum by 2031. The growth strategy is being executed through a mix of organic & inorganic opportunities with an inclination towards a more planned and cost-effective organic route.
Commenting on the company’s growth and expansion plans, Puneet Dalmia, Managing Director, Dalmia Bharat Limited said, “We have hit the road running this year by aggressively following through with our growth strategy nationally. For the western market, in particular, we continue to take our responsibility as a corporate leader seriously by creating a progressive and sustainable ecosystem. Moving forward, and in partnership with the great state of Maharashtra, we look forward to focusing on our ambitious business, social and sustainability goals.”
In line with its business philosophy – clean and green is profitable and sustainable – Dalmia Bharat was able to reduce its carbon footprint by 22 per cent in the last decade while growing three times to double its profitability. Today, the company is one of the lowest carbon footprints globally and committed to becoming carbon negative by 2040.