Dalmia Bharat Arm Acquires 26% Stake in Solis Urja Energy

Dalmia Bharat has firmly established itself as one of India’s most esteemed cement manufacturers, playing a pivotal role in nation-building through significant capacity expansion, unwavering commitment to superior quality standards, and innovative value-added products.

Signed Share Subscription Agreement

Dalmia Bharat’s wholly-owned subsidiary, Dalmia Cement (Bharat) Limited (DCBL), signed a Share Subscription and Shareholders Agreement (SSSHA) on January 17, 2025. 

The agreement outlines DCBL’s acquisition of a 26% equity stake in Solis Urja Energy, amounting to 17,50,000 equity shares valued at ₹1.75 crore, to be executed in multiple tranches. This move facilitates the procurement of solar power as a captive consumer for a capacity of up to 7.0 MWp in Andhra Pradesh.

The transaction is subject to customary conditions precedent and is expected to conclude within six months. This strategic acquisition underscores Dalmia Bharat’s commitment to sustainability, aligning with the group’s ambitious RE100 target by 2030 and its vision to achieve carbon negativity by 2040. 

Q2 FY25 Results

In its Q2 FY25 results, Dalmia Bharat reported a consolidated net profit of ₹49 crore, reflecting a notable 60.16% decline from ₹123 crore in the same quarter last year. 

Revenue from operations also witnessed a slight dip, decreasing by 2.09% to ₹3,087 crore compared to ₹3,153 crore in the same period of the previous fiscal year. However, despite these challenges, the company demonstrated robust operational performance, with sales volumes increasing by 14.1% to 6.7 million tonnes. The board declared an interim dividend of ₹4 per share, with a record date of October 26, 2024.

Share Price Performance

As of 2:49 PM today, Dalmia Bharat Ltd shares were trading at ₹1,752.25 on the NSE, reflecting a rise of over 1%. The BSE-listed ‘A’ group stock, with a face value of ₹2, recorded a 52-week high of ₹2,428.85 on 14th December 2023 and a 52-week low of ₹1,664.20 on 4th June 2024.

Over the past week, the stock has traded within a range of ₹1,928.95 to ₹1,814.10. The company’s current market capitalisation stands at an impressive ₹34,381.23 crore.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.