Dalmia Cement signs MoUs with Jharkhand to invest 758 cr in the state

31 Aug 2021 CW Team

Dalmia Cement (Bharat) has signed three memorandums of understanding (MoUs) with the Jharkhand government to invest Rs 758 crore in the state.

The company would spend Rs 500 crore in the regulatory filing in its production unit at Jharkhand Industrial Area Development Authority (JIAD) Bokaro. Besides expanding its current capacity of 3.7 mmt by debottlenecking, the firm plans to establish a new grinding unit, taking the total cement producing capacity at Bokaro to 6.3 mtpa.

Dalmia Cement has also signed an agreement with the Jharkhand government to establish a solar power plant to supply clean energy to the state.

Therefore, Dalmia Cement would spend Rs 250 crore for setting up the solar plant. Apart from this, it also signed one additional MoU for solid waste management. The firm would invest Rs 8 crore for building Material Recovery Facility and Legacy waste-Bio Mining activity under Ranchi Municipal Corporation (RMC).

Chief Minister Hemant Soren was present during the signing of the three MoUs. The investments of Dalmia Bharat would also create direct/indirect employment opportunities in the state.

Mahendra Singhi, MD & CEO, Dalmia Cement (Bharat) Limited, told the media that the demand for cement is growing fast due to the increasing infrastructure investments by the government.

Singhi the firm would reach a step closer to their increasing cement capacity plan to 48.5 million tonne by FY24 from 30.75 million tonne in FY21.

Dalmia Cement would proceed to make significant investments to increase its Corporate Social Responsibility (CSR) initiatives in the region for the social upliftment of the people.

Also read:

Infrastructure Urban

16 May 2025

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Infrastructure Urban

16 May 2025

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Infrastructure Urban

16 May 2025

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..