Dalmia Cement Acquires 34.52% Stake in Kilavikulam Rajalakshmi Solar to Boost Renewable Energy Goals

Dalmia Bharat Limited’s subsidiary, Dalmia Cement (Bharat) Limited, has announced the acquisition of a 34.52% stake in Kilavikulam Rajalakshmi Solar Power Developer Private Limited for ₹3 crore.

This strategic investment aligns with the company’s commitment to expanding its renewable energy portfolio.

Strengthening Renewable Energy Commitments

The acquisition is a key step in Dalmia Bharat’s sustainability roadmap, supporting its long-term goal of achieving 100% renewable energy (RE 100) by 2030 and becoming carbon-negative by 2040.

The company plans to utilise solar power from Kilavikulam Rajalakshmi Solar as a captive consumer, with a capacity of up to 10 MW in Tamil Nadu.

Completion Timeline and Regulatory Approvals

The acquisition process is expected to be completed within two months, subject to customary conditions and regulatory approvals.

This move reinforces Dalmia Cement’s commitment to sustainable energy and its strategic efforts to reduce carbon emissions through increased renewable energy adoption.

Stock Performance 

On March 06, 2025, Dalmia Bharat share price traded 0.06% lower at ₹1,708.10 at 10:17 AM (IST). Dalmia Bharat’s share price reached a 52-week high of ₹2,064.45 on April 03, 2024, and a 52-week low of ₹1,659.20 on March 04, 2025. As per BSE, the total traded volume for the stock stood at 1117 shares with a turnover of ₹19.12 lakhs.

At the current price, Dalmia Bharat shares are trading at a price-to-earnings (P/E) ratio of 258.41x, based on its trailing 12-month earnings per share (EPS) of ₹6.61, and a price-to-book (P/B) ratio of 3.93, according to exchange data.

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