Dalmia Bharat to Raise ₹4,000 Crore, Targets 110-130 MTPA Cement Capacity by FY31
Dalmia Bharat is planning to raise up to ₹4,000 crore through various instruments, with board approval granted on May 23, 2026, to support its growth plans as it targets expanding manufacturing capacity to 110-130 million tonnes per annum (MTPA) by FY31. The cement maker currently operates around 49.5 MTPA and plans to scale this to 75 MTPA in the medium term through a combination of acquisitions, greenfield developments and brownfield expansions.
As part of its Phase II expansion plan, the company has announced strategic investments of over ₹6,800 crore to enhance cement capacity by 12 MTPA through capacity additions at Belgaum, Pune and Kadapa. Dalmia Bharat is also developing a bulk terminal near Chennai to strengthen its presence in North Tamil Nadu.
The cement maker recently signed an agreement to acquire cement assets of Jaiprakash Associates, including plants in Madhya Pradesh and Uttar Pradesh, for an enterprise value of ₹2,850 crore. The company expects to increase production capacity to 66.7 MTPA by Q2-Q3 FY2027-28.
Dalmia Bharat expects cement demand to grow at a compound annual growth rate of 6-7% over the next few years, driven by government-led infrastructure spending, private-sector investments and rising housing demand amid increasing urbanisation. The company is also focusing on premiumisation of its cement portfolio, including specialised Roof, Column and Foundation (RCF) solutions and increased use of Portland Slag Cement (PSC) formulations.