Dalmia Cement (Bharat) to Acquire 41% of Oyster Green Hybrid Five
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Dalmia Cement (Bharat) Limited, a material subsidiary of Dalmia Bharat Limited, is acquiring a 41% stake (equivalent to 26% fully‑diluted) in the wind‑solar hybrid SPV Oyster Green Hybrid Five Private Limited for INR 17.35 crore cash.
- Deal to close within four months; structured in tranches and treated as an arms‑length, non‑related‑party transaction.
- Target currently has zero turnover, profit, or net worth, so the cash outflow is modest and poses limited short‑term liquidity strain.
- Acquisition strengthens Dalmia’s captive renewable power base, supporting its RE100 by 2030 and carbon‑negative by 2040 commitments and enhancing ESG appeal.
- Long‑term benefits include lower operating costs for cement plants, potential revenue from excess power or carbon credits, but cash flows depend on project completion and renewable policy stability.
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