Dalmia Bharat Group plans Rs,2000 crore investment in Odisha

01 December, Bhubaneswar

Continuing to strengthen its position in the East, Dalmia Bharat Group plans to ramp up its cement production capacity in Odisha entailing an investment in the tune of around Rs 2000 Crore.

The company which is participating in the Investors Conclave at ‘Make in Odisha Conclave’ has shared its vision and plan to enrich business commitment to the state further.

Dalmia Bharat Group CEO Mahendra Singhi said, “Odisha is a currently on a high economic growth trajectory and its GDP is expected to grow at around 12 per cent by year 2020.

The state government’s commitment to industrial development backed by industry friendly policies has already started showing positive results.

He said Cement demand in India is expected to increase due to the Government’s push for large infrastructure projects, leading to 45 million tonnes of cement needed in the next three to four years. India’s cement demand , Singhi said is expected to reach 550-600 Million Tonnes Per Annum (MTPA) by 2025.

To meet the rise in demand, the cement industry,he said is expected to add about 56 million tonnes (MT) capacity over the next three years.