Dynamic Services & Security Limited (DSSL) has secured a deal to acquire Bharat Battery MFG Co Private Limited for ₹45 crore, sending its stock to the upper circuit in today’s trading session. The acquisition, formalized through a Memorandum of Understanding (MoU), is anticipated to significantly boost DSSL’s earnings per share (EPS) starting from the current financial year.
Bharat Battery MFG Co, with a legacy since 1941, posted a revenue of ₹22.82 crore and a Profit after Tax of ₹4.78 crore for FY 2023-2024. The company, an approved supplier for Indian Railways, enhances DSSL’s strategic portfolio with its established market presence. This move follows DSSL’s recent acquisition of a 49% stake in Nacof Nithin Sai Green Energy Private Limited, with plans to acquire the remaining 51% post-completion of a 150 MW power project in Maharashtra. Additionally, DSSL has secured a 100 MW power project in Manipur backed by a government Power Purchase Agreement (PPA), marking its entry into the solar sector.
In Kolkata, the market reaction to DSSL’s acquisition has been overwhelmingly positive, as reflected by the stock hitting its upper circuit limit. Investors in the city are viewing this strategic expansion into battery manufacturing and renewable energy as a strong growth indicator, further solidifying DSSL’s position in both sectors. The acquisition is subject to regulatory approvals and the fulfillment of the agreement’s terms. DSSL’s Managing Director, Mr. Jugal Kishore Bhagat, highlighted the strategic importance of this move in diversifying and strengthening the company’s market presence.
