Five-year project under the MoU to cover watershed area of 4000 hectares benefitting nine villages
IndiaCSR News Network
KADAPPA: Taking a definitive step forward for the development of the local community, Dalmia Bharat Group Foundation (DBGF) signed a Memorandum of Understanding (MoU) with the National Bank for Agriculture and Rural Development (NABARD) recently. The five-year project under the Government’s ‘Participatory Integrated Watershed Development’ project will cover watershed area of 4,000 hectares benefitting nine villages in Kadappa district’s Mylavaram Mandal.
The MoU was signed between Jiji Mammon, Chief General Manager, NABARD and Prasant Tripati, Group Head, Manufacturing, Dalmia Cement Bharat Ltd (DCBL). Also, present at the occasion were Anil Bajaj, Executive Director, (DCBL), Kadapa Plant and Vishal Bhardwaj, Associate Executive Director, CSR, Dalmia Bharat Group.
Vishal Bhardwaj, said, “This step will further strengthen our association with NABARD in the area of watershed management and rural development. The shared vision of our two institutions will pave the way for community growth in the project area.”
The total cost of the project is Rs. 5 crore, of which NABARD and community’s share is ₹3.16 crore. This initiative aims to recharge groundwater, prevent soil erosion, improve soil moisture for higher agro productivity, promote bio mass and improve livelihoods overall.
Dalmia Bharat Ltd.
Dalmia Bharat Limited, part of the Dalmia Group, is a pioneer in the cement manufacturing for over seven decades since 1939. With an expanding India footprint, the company is a category leader in super-specialty cements used for oil well, railway sleepers and air strips. Dalmia Bharat Group has strong foothold in southern and eastern India (including north east India). Dalmia Cement Bharat Ltd, a subsidiary of Dalmia Bharat Ltd, owns 47.3 % stake in OCL India Ltd. The Group with current capacity of 17 million tonnes (along with its subsidiaries and associate) is ranked fourth largest in the Indian cement industry. Post completion of the ongoing expansions, scheduled to be completed by September, 2014, the total capacity including our subsidiaries and associate would be 22 MnT.