Dalmia Bharat subsidiary acquires 34.52% stake in solar power firm
Dalmia Cement (Bharat) Limited (DCBL), a wholly owned subsidiary of Dalmia Bharat Limited, has signed an agreement to acquire a 34.52% equity stake in Kilavikulam Rajalakshmi Solar Power Developer Private Limited. The acquisition, valued at Rs 30 million, will help DCBL source up to 10 MW of solar power as a captive consumer in Tamil Nadu. The solar power generated under this arrangement will be eligible for captive consumer status under the Electricity Act and…