Dalmia Bharat Limited, through its subsidiary Dalmia Cement (Bharat) Limited (DCBL), has signed an agreement to acquire a 41% stake in Oyster Green Hybrid Five Private Limited. This strategic investment, valued at approximately Rs. 17.35 crore, aims to secure hybrid wind and solar power for the company’s manufacturing facility in Kadapa, Andhra Pradesh. The move aligns with the group’s sustainability goals of achieving RE 100 by 2030 and becoming carbon negative by 2040.
Strategic Investment in Renewable Energy
On April 29, 2026, Dalmia Cement (Bharat) Limited (DCBL) entered into a Share Subscription and Shareholders’ Agreement alongside a Power Consumption Agreement. By acquiring a 41% equity stake (representing 26% on a fully-diluted basis) in Oyster Green Hybrid Five Private Limited, the company is positioning itself to transition towards a more sustainable energy mix. The acquisition involves the purchase of 1,73,50,000 equity shares at a face value of Rs. 10 per share, totaling an investment of Rs. 17.35 crore.
Project Details and Sustainability Goals
The target entity serves as a Special Purpose Vehicle (SPV) established to facilitate renewable energy generation. The partnership will provide DCBL with 21.6 MW of wind power and 14 MWp of solar power, which will function as a captive power source for the cement plant in Kadapa, Andhra Pradesh. This captive model is a critical component of the company’s long-term sustainability roadmap, specifically designed to help meet ambitious corporate carbon reduction targets.
Timeline for Completion
The transaction remains subject to customary conditions precedent typical for such agreements. The company expects the acquisition to be finalized within a timeframe of four months. Once completed, this hybrid wind-solar project will play a vital role in reducing the company’s dependency on traditional power grids and lowering its overall carbon footprint.
Source: BSE
