Dalmia Bharat saw its stock price climb to Rs. 1838.80, up by 5.60 points or 0.31% from the previous close of Rs. 1833.20 on the BSE. The share opened at Rs. 1833.00 and fluctuated between a high of Rs. 1840.05 and a low of Rs. 1833.00. So far, 231 shares have been exchanged.
The stock, part of BSE's 'A' group with a face value of Rs. 2, hit a 52-week high of Rs. 2428.85 on December 14, 2023, and a low of Rs. 1664.20 on June 4, 2024. In the last week, the share reached a high of Rs. 1928.95 and a low of Rs. 1814.10. Dalmia Bharat’s current market capitalization stands at Rs. 34,381.23 crore. Promoters hold 55.84% of the company’s stock, while institutions own 23.17%, and non-institutional investors account for 20.99%.
Dalmia Cement (Bharat), a subsidiary of Dalmia Bharat, has signed a Share Subscription and Shareholders Agreement (SSSHA) on September 18, 2024, to purchase a 26% stake in Solsolis Solar Energy Solutions. This acquisition involves 30,24,000 equity shares valued at Rs. 3.02 crore, which will be completed in phases. The solar energy will be sourced for up to 11.2 MW in Odisha as part of Dalmia Bharat's commitment to using renewable energy, aiming for 100% renewable power by 2030 and achieving carbon neutrality by 2040. The project is expected to conclude within eight months.
Dalmia Bharat is known as one of India's leading cement producers, consistently delivering high-quality products and driving growth in infrastructure development.