Dalmia Bharat Share Price in Focus; Subsidiaries Acquire Stakes in Solar Power SPVs to Secure Renewable Energy Supply

Dalmia Bharat Limited has announced that its wholly owned subsidiaries Dalmia Cement (Bharat) Limited (DCBL) and Dalmia Bharat Green Vision Limited (DBGVL) have entered into agreements to acquire stakes in solar power special purpose vehicles (SPVs) in Tamil Nadu. 

The move reinforces the company’s commitment to renewable energy adoption and decarbonisation.

Strategic Investment in Solar Energy SPVs

DCBL entered into a Share Subscription and Shareholders’ Agreement (SSSHA) with Velan Infra Projects Pvt. Ltd. to acquire stakes in two of its SPVs — Gee Yess India Engineering Technology Pvt. Ltd. and San Power Generation Transmission Pvt. Ltd..

 The investment, worth ₹6 crore, aims to secure up to 20 MW of captive solar power capacity for DCBL’s operations in Tamil Nadu.

Further Expansion via Dalmia Bharat Green Vision Limited

Simultaneously, DBGVL signed an SSSHA to acquire a stake in Arunachalam Solar Power Pvt. Ltd., for an investment of ₹1.8 crore. This transaction targets 6 MW of captive solar energy supply, also in Tamil Nadu.

Both acquisitions will be completed in one or more tranches, subject to customary conditions, and are expected to be finalised within three months.

Share Price Performance

Dalmia Bharat Limited shares were trading at ₹2,090.70, down ₹2.50 or 0.12% from the previous close of ₹2,093.20. The stock opened at ₹2,094.00 and touched an intraday high of ₹2,099.40, with a low of ₹2,083.40.

Read More: Rail Vikas Nigam Share Price in Focus; Emerges as Lowest Bidder for Major North Eastern Railway Project.

Conclusion

These acquisitions represent another step in Dalmia Bharat’s strategy to integrate sustainability with operational efficiency. As the transactions close over the coming months, the company is set to strengthen its renewable energy portfolio.

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