OCL India, a unit of Dalmia Cement Bharat, today commissioned a Rs 615 crore cement manufacturing unit here, taking the capacity of the Group to 20 million tonnes per annum (mtpa).
The two million tonnes per annum (mtpa) unit, located at Godapiasal Industrial Park, West Midnapore, is spread over an area of 154.43 acre. OCL India has two cement making plants at Cuttack and Rajgangpur in Orissa with a combined production capacity of 5.35 mtpa.
"The Bengal unit will help in adding significant revenue to the state treasury in terms of taxes. It will provide domicile employment and income generation for local skilled and semi skilled pool in the district," a company statement said.
OCL India's Director Puneet Dalmia said Bengal's economy has impressively withstood the continuing slowdown in economic growth in previous years and currently was on a high growth trajectory.
"We want to grow in Bengal to create a market enduring goodwill by benefitting both our buyers and investors. The current boost in industrialisation in the state has prompted us to replicate our success of Rajgangpur and Cuttack, in Salboni," he said.
The company plans to scale up its presence in the Bengal market by completing the first phase of investment in the plant.
OCL India is one of the leading cement players in the East which contributes to around 18 per cent of India's cement demand and 14 per cent of the total installed capacity.
"Cement demand growth in East has been robust at CAGR of 9.75 per cent over FY'09 - FY'14 compared to all India growth of 6.5 per cent. Going forward, demand growth in east India is estimated to be around 8 per cent in FY'15. This is congenial with infrastructure growth and urban housing demand," OCL said.
