Dynamic Services & Security Limited (DSSL), a leader in security services, digitalization, and renewable energy, has taken a significant step towards sustainability by acquiring a 49 percent stake in NACOF NITHIN SAI GREEN ENERGY Pvt. Ltd. This strategic move is expected to enhance DSSL’s capabilities in the renewable energy sector, particularly in solar energy projects.
The 49 percent stake acquisition will bolster DSSL’s renewable energy capabilities, enabling the company to deliver sustainable energy solutions and contribute to the global shift towards green energy. By integrating NACOF NITHIN SAI GREEN ENERGY’s resources and expertise, DSSL aims to accelerate its efforts in developing high-efficiency solar projects. This will not only increase the company’s market share in renewable energy but also support India’s renewable energy targets.The announcement of this strategic acquisition has positively impacted DSSL’s market performance, with the company’s share price rising by approximately 15.16% from Rs. 263.60 on July 4, 2024, to Rs. 303.55 on July 16, 2024. This surge reflects strong investor confidence in DSSL’s forward-looking strategies.
In Kolkata, the renewable energy sector is gaining momentum, with several companies investing in sustainable projects. DSSL’s acquisition is seen as a significant development that could drive further investments in renewable energy in the region. The local market is poised to benefit from the enhanced solar energy portfolio and the potential for job creation and technological advancements.Mr. Jugal Kishore Bhagat, Managing Director of DSSL, stated, “This strategic acquisition is a pivotal step in our growth strategy. It reinforces our commitment to sustainability and positions us strongly in the renewable energy market. We are excited about the potential synergies and opportunities this partnership will bring, ultimately maximizing value for our stakeholders.”
