Dalmia Bharat announced that its subsidiaries, Dalmia Cement (Bharat) Limited (DCBL) and Dalmia Bharat Green Vision Limited (DBGVL), have entered into agreements to acquire stakes in renewable energy SPVs. These strategic moves are aimed at enhancing the company’s renewable energy capacity and supporting its commitment to RE100 by 2030 and becoming carbon negative by 2040. The acquisitions involve sourcing solar power as a captive consumer.
Strategic Investments in Solar Power
Dalmia Bharat is expanding its footprint in renewable energy through its subsidiaries, Dalmia Cement (Bharat) Limited (DCBL) and Dalmia Bharat Green Vision Limited (DBGVL). These investments are designed to enhance its captive solar power capacity.
DCBL’s Acquisition Details
DCBL will acquire stakes in two SPVs of Velan Infra Projects Pvt. Ltd. (Gee Yess India Engineering Technology Private Limited and San Power Generation Transmission Private Limited) for ₹6 Crore. This investment will facilitate the sourcing of solar power as a captive consumer, with a capacity of up to 20.00 MW located in Tamil Nadu. The agreement was finalized on October 27, 2025.
DBGVL’s Investment
DBGVL will acquire a stake in Arunachalam Solar Power Private Limited for ₹1.8 Crore. This acquisition aims to source solar power as a captive consumer with a capacity of up to 6.00 MW, also located in Tamil Nadu. The agreement was also finalized on October 27, 2025.
Renewable Energy Goals
These acquisitions support Dalmia Bharat’s broader sustainability objectives, including achieving RE100 by 2030 and becoming carbon negative by 2040. The solar power sourced will qualify as captive consumption under prevailing electricity regulations. The transactions are subject to customary conditions and are expected to be completed within 3 months.
Source: BSE
