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News Dalmia Bharat acquires stake in Truere Surya for solar power project

Dalmia Bharat acquires stake in Truere Surya for solar power project

Written by Global Cement staff 04 September 2024
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India: Dalmia Bharat announced that its subsidiary, Dalmia Cement (Bharat), has entered into a share subscription and shareholders agreement to acquire a 26% stake in Truere Surya for US$5.3m. Truere Surya will establish a solar power project in Tamil Nadu, aligning with Dalmia Bharat’s goals to become carbon negative by 2040.

The solar project will have a capacity of 128MW. Completion of the transaction is anticipated within 4 - 6 months, pending customary conditions.

Last modified on 04 September 2024
Published in Global Cement News
Tagged under
  • India
  • Dalmia Bharat
  • Acquisition
  • Stake
  • Solar power
  • Sustainability
  • Dalmia Cement
  • agreement
  • decarbonisation
  • GCW675

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