Dalmia Bharat Subsidiary Acquires 41% Stake in Hybrid Power SPV for ₹17.35 Cr
Dalmia Cement (Bharat) Limited, a subsidiary of Dalmia Bharat Limited, will acquire a 41% stake in Oyster Green Hybrid Five Private Limited for ₹17.35 crore. The SPV will provide hybrid power to DCBL's plant in Kadapa, Andhra Pradesh. The deal is expected to close within four months.
The acquisition is strategic for enhancing renewable energy sourcing and aligns with sustainability targets, but the financial outlay is relatively small compared to the company's overall size.
The acquisition of a stake in a renewable energy SPV is a positive step towards the company's sustainability goals (RE 100 by 2030 and carbon negative by 2040).
Dalmia Cement (Bharat) Limited (DCBL), a wholly owned subsidiary of Dalmia Bharat Limited, has entered into a Share Subscription and Shareholders’ Agreement and a Power Consumption Agreement on April 29, 2026, to acquire a 41% stake in Oyster Green Hybrid Five Private Limited. This Special Purpose Vehicle (SPV) of Oyster Renewable Energy Private Limited will supply Hybrid Power (21.6 MW Wind + 14 MWp Solar) as a captive consumer for DCBL’s plant in Kadapa, Andhra Pradesh.
The aggregate consideration for the acquisition is approximately ₹17.35 crore. The transaction, which is not a related party transaction, is subject to customary conditions precedent and is expected to be completed within four months from the agreement date. The acquisition aims to enhance DCBL's renewable power supply to meet the group's commitment towards RE 100 by 2030 and carbon negativity by 2040.
Oyster Green Hybrid Five Private Limited was incorporated on June 5, 2025, and is involved in Hybrid (Wind-Solar) Power Generation. The acquisition will result in Dalmia Bharat Limited holding a 26% stake on a fully-diluted basis.
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Dalmia Bharat Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Dalmia Bharat Limited. Read the original for the full detail.