To strengthen its presence both nationally and in the North-East, cement maker Dalmia Cement (Bharat) Ltd (DCBL) plans to invest Rs 1,800 crore for capacity expansion over the next two years.
While the company would invest Rs 1,300 crore for its upcoming 2.5-million tonnes greenfield project at Belgaum, Karnataka, its plants in North-East would entail an estimated investment of Rs 500 crore, Puneet Yadu Dalmia, Managing Director, told reporters here on Friday.
According to Dalmia, the company currently has a total capacity of 17 mt and wants to add nearly four mt by 2014-15.
The company has recently acquired Meghalaya-based Adhunik Cement with an investment of nearly Rs 560 crore and increased its stake in Calcom Cement in Assam.
Meanwhile, OCL India Ltd would invest nearly Rs 500 crore for a 1.5-mt grinding plant near Salboni in West Bengal. DCBL holds 45.4 per cent stake in OCL India.
According to Dalmia, the project should be commissioned by the end of 2013.
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