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BSE SENSEX
73,088.33
+599.34
+0.83 %
Corporate Announcement
Security Code
533309
Company
Dalmia Bharat Ltd
Exchange Received Time
18/05/2018 21:41:00
Exchange Disseminated Time
18/05/2018 21:41:10
Time Taken
00:00:10
Proposed Capacity Addition In Our Subsidiary Company. |
5/18/2018 9:41:01 PM
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Regulations'), please be informed that the Board of Directors of 'OCL India Limited' step down subsidiary of the Company in its meeting held today, i.e., Friday, May 18, 2018, has decided to set up a new cement plant in Odisha along with waste heat recovery system and split Cement manufacturing units in the eastern part of India with cement manufacturing capacity of 8 Mn TPA with a total estimated investment of Rs. 3,720 Crore. The project is estimated to be completed within 24 months post all statutory and regulatory clearances and it will be financed through judicious mix of debt and equity.
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