Investment17 Oct 2025, 07:01 pm
Dalmia Bharat Ltd Subsidiary to Acquire Stake in Three SPVs of Velan Infra Projects for Renewable Power Source
AI Summary
Dalmia Cement (Bharat) Limited, a wholly owned subsidiary of Dalmia Bharat Ltd, has entered into a Share Subscription and Shareholders’ Agreement to acquire stake in three Special Purpose Vehicles (SPVs) of Velan Infra Projects Pvt. Ltd. The acquisition is aimed at sourcing solar power as a captive consumer for a capacity up to 14.00 MW located in the State of Tamil Nadu. The total consideration for the acquisition is Rs. 4.2 Crore. The transaction is expected to be completed within 3 months, subject to customary conditions precedents.
Key Highlights
- Dalmia Cement (Bharat) Limited to acquire stake in three SPVs of Velan Infra Projects Pvt. Ltd.
- Acquisition aimed at sourcing solar power as a captive consumer for a capacity up to 14.00 MW.
- Total consideration for the acquisition is Rs. 4.2 Crore.
- Transaction expected to be completed within 3 months.
- Acquisition will enhance the source of renewable power for the group's commitment towards RE 100 by 2030 and carbon negative by 2040.