Dalmia Bharat is planning to strengthen its presence in the region to tap growth potential, reports the Expres Group.
Dalmia Bharat, the second largest cement manufacturer in eastern India, is planning to strengthen its presence in the east of the country where housing and infrastructure development is driving cement demand.
"The government is spending money to build road, ports and projects as Sagarmala, Delhi-Mumbai Industrial corridor, freight corridor, housing for all… we are quite hopeful that there would be revival of demand," said Mahendra Singhi, Dalmia cement Bharat CEO & whole time director.
"We would be growing. We have a vision… We would be expanding our activities and capabilities in the east," said Singhi. "We have an installed capacity of 25Mta and is the fourth largest company. We have a plan to grow in the east," he added.
"Right now we are targeting organic growth only but would go if there is possibility to expand with brown field project."
In the eastern region, the company had around 14 per cent market share in FY16-17. :Dalmia Bharat has a capacity of 12.9Mta in teh east and is second in the region after LafargeHolcim, which has 14.8Mta capacity.
While in south, the company has a capacity of 12.1Mta and stands fifth in terms of production capacity.
