Dalmia Bharat Limited — JV/Acquisition, 17-10-2025: Acquisition

Dalmia Cement (Bharat), a wholly-owned subsidiary of Dalmia Bharat, is acquiring stakes in three solar power SPVs – Bijlee Kandasamy, Kilavikulam Rajalakshmi, and Apple India Solar Products – for a total of Rs. 4.2 Cr. This strategic move secures captive solar power for up to 14 MW in Tamil Nadu. Post-acquisition, Dalmia will hold 36.92% in Bijlee, 37.90% in KRSPDPL, and 38.60% in Apple India. This acquisition advances Dalmia's commitment to RE100 by 2030 and carbon negativity by 2040, enhancing its renewable energy footprint.