Dalmia Cement Bharat has informed that its subsidiary named ‘Dalmia Cement Ventures Limited’ is setting up greenfield cement plants of up to 10 million tons per annum (MTPA) capacity in different parts of the country.

The company is setting up two greenfield plants at Cuddapah (Andhra Pradesh) and Ariyalur (Tamil Nadu) with a capacity of 2 MTPA each.

Dalmia Cement currently operates a 3.5 MTPA plant in Tamil Nadu. The company also holds a 21.7% stake in OCL India Ltd., having a capacity of 2 MTPA which is being expanded to 4 MTPA.

Dalmia Cement (Bharat) has reported a significant decline in its standalone net profit for the first quarter ended June 2008. During the quarter, the profit of the company drops 38.34% to Rs 50.46 crore from Rs 81.84 crore in the same quarter, last fiscal.