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Dalmia Bharat Ltd. ( (IN:DALBHARAT) ) has issued an announcement.
Dalmia Bharat Limited’s subsidiary, Dalmia Cement (Bharat) Limited, has announced its acquisition of a 34.52% stake in Kilavikulam Rajalakshmi Solar Power Developer Private Limited. This strategic move, valued at Rs. 3 Crore, aims to enhance Dalmia Bharat’s renewable energy capabilities, supporting its commitment to achieving RE 100 by 2030 and becoming carbon negative by 2040. The acquisition, which involves sourcing solar power as a captive consumer for up to 10 MW in Tamil Nadu, is expected to be completed within two months, subject to customary conditions.
More about Dalmia Bharat Ltd.
Dalmia Bharat Limited is a prominent player in the cement industry, primarily engaged in the production and distribution of cement. The company focuses on expanding its renewable energy sources to align with its sustainability goals.
YTD Price Performance: -4.05%
Average Trading Volume: 9,890
Current Market Cap: 318.9B INR
For detailed information about DALBHARAT stock, go to TipRanks’ Stock Analysis page.