Dalmia Bharat’s wholly owned subsidiary -- Dalmia Cement (Bharat) has entered into Share Purchase & Shareholders Agreement (SPSA) on October 24, 2024, to acquire 5.39% of equity share capital of Atria Wind Power (Basavana Begawadi), consisting of 1,80,000 equity shares aggregating to Rs 3.48 crore, in one or more tranches to source wind power as a captive consumer for a capacity upto 6 MW located in the State of Karnataka. The transaction is subject to customary conditions precedents and expected to be completed within 3 months.
The object of acquisition is to enhance the company’s source of renewable power supply to achieve group’s commitment towards RE 100 by 2030 and carbon negative by 2040. The renewal power (wind) will qualify as captive consumer under the Electricity Act/ Rules.
Dalmia Bharat has emerged as one of the most respected cement manufacturers in India, contributing to nation-building through adequate capacity creation, consistently high quality standards and value-added products.
