Dalmia Bharat Limited — Important, 17-01-2025: General Updates

Dalmia Cement (Bharat) Limited, a wholly owned subsidiary of Dalmia Bharat Limited, has entered into a Share Subscription and Shareholders Agreement to acquire a 26.00% equity stake in Solis Urja Energy Private Limited for an investment of Rs. 1.75 Crore. This acquisition aims to secure renewable solar power, enhancing Dalmia's commitment towards sustainability goals, targeting RE 100 by 2030 and carbon negativity by 2040. The solar capacity is set at 7.0 MWp in Andhra Pradesh. Expected to complete within six months, this move could provide a strategic advantage amid growing emphasis on renewable energy sourcing in the industry. Investors should watch closely as this initiative aligns with broader market trends towards sustainability and renewable energy integration.