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Dalmia Bharat’s arm to acquire 41% stake in Oyster Green Hybrid Five
Apr-30-2026

Dalmia Bharat’s wholly owned subsidiary -- Dalmia Cement (Bharat) (DCBL) has entered into Share Subscription and Shareholders’ Agreement (SSSHA) and a Power Consumption Agreement (PCA) on April 29, 2026, to acquire 41% stake (26% on fully-diluted basis) in Oyster Green Hybrid Five, an SPV of Oyster Renewable Energy, in one or more tranches, at an aggregate consideration of around Rs 17.35 crore, to source Hybrid Power (21.6 MW Wind + 14 MWp Solar) as a captive consumer for DCBL’s plant in Kadapa, Andhra Pradesh.

Above acquisition is subject to customary conditions precedent and is expected to be completed within four months.

The objective of acquisition is to enhance its source of renewable power supply to achieve group’s commitment towards RE 100 by 2030 and carbon negative by 2040. The renewal power (wind-solar hybrid) will qualify as captive consumer under the Electricity Act/ Rules.

Dalmia Bharat has emerged as one of the most respected cement manufacturers in India, contributing to nation-building through adequate capacity creation, consistently high-quality standards and value-added products.

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