Industrial Automation Magazine India

Dalmia Bharat strengthens nation building commitment through investments in Jharkhand

Published on : Monday 06-12-2021

In line with the recently signed MoUs with the Government of Jharkhand, the overall investment will be to the tune of INR 758 crore.

Mumbai, December 4, 2021: Dalmia Cement (Bharat) Limited, a leading Indian cement major and a subsidiary of Dalmia Bharat Limited, is making significant investments in Jharkhand and is thereby further strengthening its commitment to nation building. With a company philosophy of inclusive development and growth, 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.

In line with the recently signed Memoranda of Understanding with the Government of Jharkhand, the overall investment will be to the tune of INR 758 crore. This includes setting up a grinding unit in Bokaro with an investment of INR 567 crore to add capacity of 2.6 MTPA which will take the overall capacity of the unit to 6.3 MTPA. Furthering the company’s sustainability objectives of reducing the carbon footprint, the investment also includes INR 250 crore to establish a solar power plant and INR 8 crore to set up Material Recover Facility and Legacy Waste-Bio Mining activity for solid waste management under Ranchi Municipal Corporation.

Commenting on the company’s commitment to nation building through its investment in Jharkhand, Mr Puneet Dalmia, Managing Director, Dalmia Bharat Limited, said, “As we are further investing in the East market to participate in its economic growth story, we are also taking our responsibility as a corporate seriously by placing the utmost importance to environmental protection and social impact. 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. We are excited and look forward to partnering with the state to achieve our business, social and sustainability goals.”

Commenting on the Bokaro investment and community initiatives, Mr Mahendra Singhi, MD and CEO of Dalmia Cement (Bharat) Ltd, said, “Our continued industrial and social endeavours in Jharkhand is seeing fruition with the continuous support from the Government and Bokaro community. We are grateful and will continue to contribute to India’s growth story with our environment-friendly infrastructure, clean energy and water initiatives as well as CSR efforts. He further added, “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 48.5million tonnes by 2024.”