Acquisitions14 Jan 2026, 09:32 pm
Dalmia Bharat Acquires 26% Stake in TrueRE Surya for Renewable Power Source
AI Summary
Dalmia Bharat Ltd has announced the acquisition of 26% equity share capital of TrueRE Surya Private Limited. The acquisition was made through its wholly owned subsidiary, Dalmia Cement (Bharat) Limited, for sourcing solar power as a captive consumer for a capacity up to 128 MW in Tamil Nadu. The transaction was completed on January 14, 2026, at around 11:25 am. TrueRE Surya Private Limited is a Special Purpose Vehicle for setting up solar power projects on a captive basis in Tamil Nadu.
Key Highlights
- Dalmia Bharat Ltd acquires 26% stake in TrueRE Surya Private Limited
- Acquisition made through wholly owned subsidiary, Dalmia Cement (Bharat) Limited
- Solar power to be sourced as a captive consumer for a capacity up to 128 MW
- TrueRE Surya Private Limited is a Special Purpose Vehicle for setting up solar power projects
- Transaction completed on January 14, 2026