OCL India, a subsidiary of Dalmia Bharat, has decided to set up a new cement plant in Odisha, India.
The cement plant will be constructed, along with a waste heat recovery system and split cement manufacturing units in the eastern part of India with a cement manufacturing capacity of 8 million tpy, with a total estimated investment of RS37.2 billion.
The project is estimated to be completed within 2 years, post all statutory and regulatory clearances, and it will be financed through a mix of debt and equity.