Dalmia Bharat’s wholly owned subsidiary -- Dalmia Cement (Bharat) (DCBL) has entered into Share Subscription and Shareholders agreement (SSSHA) on January 17, 2025, to acquire 26% of equity share capital of Solis Urja Energy, consisting of 17,50,000 equity shares aggregating to Rs 1,75,00,000, in one or more tranches to source solar power as a captive consumer for a capacity upto 7.0 MWp located in the State of Andhra Pradesh.
The transaction is subject to customary conditions precedents and expected to be completed within 6 months.
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.
