Dalmia Cement to invest Rs 2,600 crore in 3 years in Tamil Nadu

Dalmia Cement to invest Rs 2,600 crore in three years in Tamil Nadu

Chennai: Dalmia Cement (Bharat) Limited (DCBL) will invest Rs 2,600 crore to establish three grinding units in Tamil Nadu over a three year period. The new plants, each with a capacity of two million tonnes, will double the current capacity in the state from 5.9 million tonnes to around 12 million tonnes. Otherwise, a further Rs 120 crore will be invested in setting up the Waste Heat Recovery System (WHRS). The fourth largest cement producer(Dalmia Cement) in the country will set up the plants in Sattur in Virudhunagar district in the south, in Arakkonam near Chennai and in the Salem-Coimbatore region in the west. The cement giant plans to expand its manufacturing footprint across the state, which is currently focused on the Ariyalur and Trichy areas. Dalmia Cement Sunil Aggarwal, Regional Director, DCBL South, briefing journalists here on Thursday, said they have signed a memorandum of understanding with the Tamil Nadu government to invest Rs 2,600 crore. “It will happen in stages. We are now starting the first project and all three will be completed in three years, ”he said. DCBL has seen strong and stable demand from rural areas. “In terms of GDP, we are seeing good growth in Tamil Nadu and otherwise there is parallel growth in Kerala that is being catered for by our existing assets,” he said. The cement maker has also announced "All Happy Home Proposals" for similarity in rural and semi - urban areas. DCBL currently has an institutional market share of around 17% to 20% and consumer sales of 11% to 13%. Also Read - Shilp Group acquires 21,000 sq yard plot for Rs 200 crore in Gota