Dalmia envisages investment Rs 2000 crore in Odisha

Bhubaneswar, Dec 2: As part of its efforts to strengthen its
position in the east, Dalmia Bharat Group plans to ramp up its cement
production capacity in Odisha entailing an investment in the tune of around Rs
2000 crore.
The company which participated in the ‘Make in Odisha
Conclave’ has shared its vision and plan to enrich business commitment to the
state further. OCL India Ltd with a total installed capacity of 5.4 MT per
annum distributed between its two manufacturing units in Odisha, has
consistently being fulfilling the ‘Make in Odisha’ agenda of the state since
Mahendra Singhi, Group CEO, Dalmia Bharat Group, said,
“Odisha is a currently on a high economic growth trajectory and its GDP is
expected to grow at around 12% by year 2020. The state government’s commitment
to industrial development backed by industry friendly policies has already
started showing positive results. Odisha has always been our home soil and our
business relationship with the state has matured over the years. The state’s
zeal to grow further thus compels us to partner its next leap of growth.”
The Government of Odisha which has laid a long-term roadmap
to enable development and aid industrial growth in the State under its
‘Vision-2025: Odisha Industrial Development Plan 2025’, significantly thrusts
upon Smart City development, infrastructure revamp and affordable housing,
which in turn is expected to provide a fillip to the cement demand in Odisha.
Amandeep, Director and CEO, OCL India Ltd, stated, “Good
governance and stable political leadership has been one of the prime factors
that has helped investors show faith in investment in the State. Additionally,
there has been a growing improvement in business sentiment across sectors in
Odisha due to investor friendly policies. The concept of a Smart City will get
a boost if the Government focuses more on road and power infrastructure. With
Government’s focus on affordable housing and Smart cities, cement can expect
incremental growth in demand over the next five years.”
Cement demand in India is expected to increase due to the
Government’s push for large infrastructure projects, leading to 45 million
tonnes of cement needed in the next three to four years. India’s cement demand
is expected to reach 550-600 Million Tonnes Per Annum (MTPA) by 2025. To meet
the rise in demand, the cement industry is expected to add about 56 million
tonnes (MT) capacity over the next three years.

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