Dalmia Bharat’s wholly owned subsidiary -- Dalmia Cement (Bharat) has entered into Share Subscription and Shareholders’ Agreement (SSSHA) on March 5, 2025 to acquire 34.52% of equity share capital of Kilavikulam Rajalakshmi Solar Power Developer, consisting of 30,00,000 equity shares at a price of Rs 10 per share, aggregating to Rs 3 crore, in one or more tranches to source solar power as a captive consumer for a capacity upto 10.00 MW located in the State of Tamil Nadu. The transaction is subject to customary conditions precedents and expected to be completed within 2 months.
The objective of acquisition is to enhance its source of renewable power supply to achieve group’s commitment towards RE 100 by 2030 and carbon negative by 2040. The renewal power (solar) 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.
