Dalmia Cement (Bharat) Limited, a subsidiary of Dalmia Bharat, has acquired an additional 26% equity stake in TrueRE Surya Private Limited. This acquisition, completed on January 14, 2026, involves 2,62,60,337 equity shares. The move aims to enhance Dalmia’s renewable energy sourcing for its captive power needs, aligning with its commitment to RE100 by 2030 and achieving carbon negativity by 2040.
Increased Investment in Renewable Energy
Dalmia Cement (Bharat) Limited (DCBL), a wholly-owned subsidiary of Dalmia Bharat, has increased its investment in TrueRE Surya Private Limited, to further its renewable energy initiatives. The acquisition of an additional 26% equity stake was finalized on January 14, 2026.
Details of the Acquisition
Through an addendum agreement to the existing Share Subscription and Shareholders Agreement (SSSHA), DCBL has acquired 2,62,60,337 equity shares of TrueRE Surya Private Limited, representing 26% of its equity share capital.
Strategic Rationale
This investment supports Dalmia’s goal of sourcing solar power for captive consumption, aiming for a capacity of up to 128 MW in Tamil Nadu. This move is integral to the company’s commitment to achieving RE100 by 2030 and becoming carbon negative by 2040. The total equity investment is valued at Rs. 42.87 Crore.
About TrueRE Surya Private Limited
TrueRE Surya Private Limited, incorporated on April 18, 2024, is a special-purpose vehicle focused on setting up a solar power project to serve as a captive source in Tamil Nadu.
Source: BSE
