Dalmia Cement (Bharat) Limited (DCBL), one of the leading Indian cement major and a subsidiary of Dalmia Bharat Limited, had signed three memorandums of Understandings (MoU) with the Government of Jharkhand to invest Rs 758 crores this year of August.
The MoU facilitates to 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 and thus pertaining to same MOU the Jharkhand Government has made available 16 acres land for the project to the company at Balidih in Bokaro as per the Memorandum of Understanding within the timeframe and lease deed has been executed. The work on the project will commence in November and the 2 million tonnes plant is scheduled to be completed in a year's spa.
The Three MoUs were signed in the presence of the Chief Minister, Hemant Soren, during the two-day Investor Meet in August21 organized by the State’s Department of Industry.
Speaking on signing the MoUs, 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”. In addition to these investments, Dalmia Cement (Bharat) Limited will continue to make considerable investments to increase its Corporate Social Responsibility (CSR) initiatives in the region for the social upliftment of the people.