Dalmia Bharat Limited — JV/Acquisition, 29-04-2026: Acquisition

Dalmia Bharat's subsidiary, Dalmia Cement (Bharat) Limited (DCBL), is acquiring a 41% stake (26% fully-diluted) in Oyster Green Hybrid Five Private Limited for ₹17.35 Cr. This strategic move aims to secure 21.6 MW Wind + 14 MWp Solar hybrid power as a captive consumer for DCBL's Kadapa plant in Andhra Pradesh. The acquisition accelerates Dalmia's commitment to RE100 by 2030 and becoming carbon negative by 2040, boosting its renewable energy footprint and operational efficiency. This is a clear step towards green energy goals.