For acquisitions both in the country and overseas in the next five years, Dalmia Bharat Refractories has earmarked Rs 350 crore.
The company is planning to acquire mines in China and Vietnam. Dalmia Bharat Refractories imports a major part its raw materials (about 60 per cent).
The acquisition would take care of its raw material supplies for the next three decades.
The company is part of the Dalmia Groupe which has interest spanning across cement, sugar, power and refractories.