Dalmia Bharat lines up Rs 19K cr to battle Adani, UltraTech Cement

Housing, infra push to raise demand for cement, according to MD and CEO Puneet Dalmia

Dalmia Bharat, India's fourth-largest cement producer, will spend around Rs 19,000 crore to expand its cement capacity to 58.4 million tonnes per annum (mtpa) in the next few years to cash in on the infrastructure and housing boom, its MD and CEO Puneet Dalmia said.

The company currently has a capacity of 41.1 mtpa, across 14 cement plants and grinding units which are spread across 10 states.

In December last year, Dalmia Bharat had entered into a definitive agreement with Jaypee Group for acquisition of 9.4 mtpa cement unit for Rs 5,666 crore. The proposed acquisition will give