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Dalmia Bharat commits more investments in Jharkhand – EQ Mag Pro

Dalmia Bharat commits more investments in Jharkhand – EQ Mag Pro

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The overall investment will be to the tune of Rs 758 crore

Dalmia Cement (Bharat) is making significant investments in Jharkhand and is thereby further strengthening its commitment to nation building. The company has also partnered with 16 villages and six Gram Panchayats in Bokaro to drive its numerous social and climate action initiatives that are positively impacting 20,000 lives across the state.

The overall investment will be to the tune of Rs 758 crore. This includes setting up a grinding unit in Bokaro with an investment of Rs 567 crore to add capacity of 2.6mtpa which will take the overall capacity of the unit to 6.3mtpa. It will also invest Rs 250 crore to establish a solar power plant and Rs 8 crore to set up material recover facility and legacy waste-bio mining activity for solid waste management under Ranchi Municipal Corporation.

Puneet Dalmia, MD, Dalmia Bharat, said, “We are confident that the employment generated through our investments and the skill enhancement in our social initiatives will help create a progressive ecosystem where we help people become independent and self-sufficient.”

Commenting on the Bokaro investment and community initiatives, Mahendra Singhi, MD and CEO of Dalmia Cement (Bharat), said, “On the business front, the commissioning of the Bokaro unit in the region is a key milestone as the company has embarked on a larger journey of increasing its cement manufacturing capacity from 33 million tonnes currently to reaching 48.5 million tonnes by 2024.”

Source: constructionweekonline
Anand Gupta Editor - EQ Int'l Media Network