Dalmia Bharat’s arm to acquire 26% stake in Solsolis Solar Energy Solutions


Dalmia Bharat’s wholly owned subsidiary — Dalmia Cement (Bharat) has entered into Share Subscription and Shareholders agreement (SSSHA) on September 18, 2024, to acquire 26.00% of equity share capital of Solsolis Solar Energy Solutions, consisting of 30,24,000 equity shares aggregating to Rs 3.02 crore, in one or more tranches to source solar power as a captive consumer for a capacity upto 11.2 MW located in the State of Odisha.

The transaction is subject to customary conditions precedents and expected to be completed within 8 months. The objective of acquisition is in order to enhance its source of renewable power supply to achieve group’s commitment towards RE 100 by 2030 and carbon negative by 2040. The renewal power (solar) will qualify as captive consumer under the Electricity Act/ Rules.

Dalmia Bharat has emerged as one of the most respected cement manufacturers in India, contributing to nation-building through adequate capacity creation, consistently high quality standards and value-added products.





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