Dalmia Bharat unit invests in Solar Power firm

Dalmia Bharat announced that its wholly-owned subsidiary, Dalmia Cement (Bharat) Limited (DCBL), has entered into a Share Subscription and Shareholders' Agreement (SSSHA) on March 5, 2025, to acquire a 34.52% equity stake in Kilavikulam Rajalakshmi Solar Power Developer Private Limited. DCBL will acquire 3,000,000 equity shares at ₹10 per share, totaling ₹30 million (Rupees Three Crore). The investment aims to source solar power for captive consumption up to 10.00 MW in Tamil Nadu, enhancing the group’s renewable energy capacity. The transaction, subject to customary conditions, is expected to be completed within two months. This move aligns with Dalmia Bharat's broader strategy to achieve RE100 by 2030 and carbon negativity by 2040.