Dalmia Cement (Bharat) Limited (DCBL), a subsidiary of Dalmia Bharat Limited has aggressive plans to ramp up its cement production capacity which currently stands at 25 million tonne per annum (mtpa). For this the company, which participated in the ongoing ‘Make In Odisha’ conclave has planned to invest Rs 2000 crore in Odisha in the next three years.
Following are excerpts from the official transcript of an OTV interview with Mahendra Singhi, Group CEO, Dalmia Bharat Group.
What are your expansion plans in Odisha?
We want to grow in our core sector that is cement. Since Odisha is a fast growing State and besides Smart city development and lots of industries across sectors have lined up to set up their units here, it will witness revamp in various infrastructural works. That’s the reason we have planned to invest Rs 2000 crore in next two to three years in the State.
How you find the Odisha market?
Its a good market. All leading players of our sector have set up their units. In continuation with providing better services to our customers, we have recently come up with a new brand - Dalmia DSP. The response of the product is encouraging and it has captured 30% of our product demand so far.
Any turnover expectation from Odisha market?
Currently it stands at Rs 3500 cr. But after four years down the line, we hope the figure would be doubled.
Where do you see Odisha in Indian cement market?
Frankly speaking, the scope here is good. After Smart City tag to Bhubaneswar and Rourkela, the cement demand will definitely see a new high due to various project works.
After commissioning plants in Assam and Karnataka recently, any such plans in Odisha or the eastern region?
No, not yet. But the Odisha government is in the process of auctioning the Malkangiri limestone deposit. If everything goes well, we may set up a plant there.
Your company has joined RE100 with an interim target to increase the percentage of renewables in its overall electricity consumption. What’s your take on it?
Now, by becoming a RE100 member, we have reiterated our long term ambition to upscale our renewable energy consumption, because we strongly believe that future of renewable energy is bright and sustainable. We have been trying that the ingredients we are using to make our product should emit minimum carbon so that our product will be green. The CO2 emission of our product is the lowest in the global cement market.