Dalmia Cement (Bharat) Ltd (DCBL), a subsidiary of Dalmia Bharat Ltd had signed three Memoranda of Understanding (MoU) with the Government of Jharkhand to invest Rs 758 crore in the state. First MoU facilitates set up grinding unit in Bokaro with an investment of Rs 500 crore and to add capacity of 2.6 MTPA taking the overall capacity of the unit to 6.3 MTPA, Second MoU pertains to establish Solar Power plant in Jharkhand with an investment of Rs 250 crore and third MoU to set up Material Recover Facility and Legacy waste-Bio Mining activity for solid waste management under Ranchi Municipal Corporation with an investment of Rs 8 crore. The three MoUs were signed in the presence of the Chief Minister of Jharkhand, Hemant Soren, during the two-day Investor Meet organized by the state’s Department of Industry.
Mahendra Singhi, MD & CEO, Dalmia Cement (Bharat) Ltd, said, “We are grateful to the Government of Jharkhand and the people of Bokaro for their wholehearted support in letting us play an active role in not just industrial, but holistic development of the region.” It plans to raise its cement manufacturing capacity to 110-130 million tonne per annum by 2031, which would be done through a mix of organic and inorganic opportunities, add reports.