Kolkata: Dalmia Cement plans to spend nearly Rs500 crore over the next few years to refurbish and add capacity to two cement plants it acquired last year.
The company will have to spend at least Rs100 crore to upgrade machines at the 1.5 million tonne (mt) cement factory at Meghalaya, which it acquired from Adhunik Group in September, said managing director Puneet Yadu Dalmia.
Dalmia Cement also proposes to invest Rs400 crore to raise the production capacity of Calcom Cement India Ltd. The clinker-making capacity of Calcom Cement’s Assam plant will be raised from 240,000 tonnes a year to 1.2 mt and its annual grinding capacity will be ramped up by 70% to 1.7 mt.
Dalmia Cement acquired a 50% stake in Calcom Cement initially, then raised it to 76%.