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Dalmia Cement Bharat Ltd commences commercial production of Line 2 at its Kapilas Cement Manufacturing Works, Cuttack

Posted On: 2021-09-24 22:34:34 (Time Zone: IST)


Dalmia Cement (Bharat) Limited, a leading Indian cement major and a subsidiary of Dalmia Bharat Limited, announced the commencement of commercial production of Line 2, having a capacity of 2.25 Million Tonnes at its Kapilas Cement Manufacturing Works (KCMW) Unit near Cuttack, Odisha. With this addition, the company's overall capacity at the plant has now gone up to 3.95 million tons per annum. This development is in line with the company's commitment towards fostering sustainable growth while also creating job opportunities in the region.

Speaking on the occasion, Mr. Mahendra Singhi, MD & CEO, Dalmia Cement (Bharat) Ltd. said, "We are happy to announce that DCBL has commenced commercial production of Line 2 at our KCW plant. With this, we are a step closer to our goal of taking our capacity from 30.75 million tonnes to 48.5 million tonnes by FY24. Odisha is an important market for us and the commercial production will enable us to cater to the demand for cement from both rural and urban centers in the region."

Keeping in mind our philosophy of 'Clean and Green is sustainable', we have deployed the latest machinery and technology at the KCMW unit and will be aiming to produce 100% blended cement. This step is also in line with our commitment to become carbon negative by 2040." He added Mr. Ram Awtar Sharma, Unit Head, KCMW, Dalmia Cement (Bharat) limited said, "We are grateful to the Government of Odisha and people of Biswali, Cuttack for their continuous support and letting us be a part of the state's growth story. This capacity addition will enable us to ensure sufficient and timely supplies thereby adding to efficiencies of the supply chain."

Last month, Dalmia Bharat Limited had unveiled a long-term plan to grow its cement capacity in the country. It plans to raise its cement manufacturing capacity to 110-130 million tonnes per annum by 2031. The plan will be executed through a mix of organic & inorganic opportunities with an inclination towards the more planned & cost-effective organic route. The company will expand into new regions of operations while consolidating its position in its existing markets.

Shares of DALMIA BHARAT LIMITED was last trading in BSE at Rs. 2124.4 as compared to the previous close of Rs. 2134.45. The total number of shares traded during the day was 85026 in over 1495 trades.

The stock hit an intraday high of Rs. 2184.75 and intraday low of 2113. The net turnover during the day was Rs. 181965427.


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