Share
Kolkata (West Bengal) [India], August 30: Dynamic Services & Security Limited (DSSL), a leading provider of security and facility management solutions, is excited to announce the signing of a Memorandum of Understanding (MoU) to acquire Bharat Battery MFG Co Private Limited for ₹45 crore. Following this announcement, DSSL’s stock hit the upper circuit in today’s trading session, reflecting investor confidence in this strategic acquisition.
Strategic Acquisition and Expansion
This acquisition is set to be earning accretive and will contribute to the Earnings Per Share (EPS) from the current financial year itself. Bharat Battery MFG Co Private Limited reported a revenue of ₹22.82 crore and a Profit after Tax of ₹4.78 crore for the financial year 2023-2024. This strong financial performance underscores the value and potential of this partnership.
Incorporated in 1941, Bharat Battery MFG Co Private Limited has over eight decades of experience in the battery manufacturing industry. The company is approved by the Research Designs & Standards Organisation (RDSO) and has been an exclusive supplier to Indian Railways for many years.
In addition to this acquisition, DSSL has already acquired a 49% stake in Nacof Nithin Sai Green Energy Private Limited and will acquire balance 51% stake after one year, post-completion of a 150 MW power project in Maharashtra. This project is being undertaken by DSSL thru it’s associate company Nacof Nithin Sai Green Energy Private Limited. Furthermore, DSSL has secured a 100 MW power project in Manipur, to be backed by a government Power Purchase Agreement (PPA). With the acquisition of Bharat Battery MFG Co Private Ltd, DSSL is now backward integrated into the solar business and aims to become a fully integrated player in the solar sector.
Future Collaboration
The acquisition under this MoU will be effective subject to the fulfillment of all stipulated terms and conditions outlined in the agreement. Both companies are optimistic that this collaboration will enhance their operational capabilities and market presence.
In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, the necessary details have been provided to the National Stock Exchange of India Limited. These details are included as Annexure 1 to this release.
Commenting on the agreement, Mr. Jugal Kishore Bhagat, Managing Director of Dynamic Services & Security Limited, said, “The acquisition of Bharat Battery MFG Co Private Limited represents a strategic move for DSSL, allowing us to diversify our portfolio and strengthen our position in both the security and renewable energy sectors. The strong market reaction is a testament to the value this acquisition brings to our company and shareholders.”
About Dynamic Services and Security Limited
Dynamic Services and Security Limited (DSSL), established in 2016, has garnered recognition as a premier provider of Security Guarding and Manpower Solutions, boasting an impressive track record of serving esteemed government agencies, including the Indian Army, Indian Navy, Indian Air Force, Indian Railways, and Webel Technology Limited.
Catering to a diverse clientele spanning Retail Field Players, Corporate Sector Manufacturing Units, Government Bodies, Educational Institutions, Banks & ATM Centers, Small & Medium-sized Industries, and individual users, DSSL is renowned for its commitment to excellence and innovation.
With a steadfast focus on talent development and strategic partnerships, the company leverages a workforce of over 10,000 employees, comprising divisional managers, executives, supervisors, coordinators, assistants, and workmen across various departments, such as marketing, service sites, administration, and accounts.
Driven by a culture of professionalism and financial stability, DSSL continues to invest in upgrading its resources and infrastructure to meet the evolving needs of its discerning clientele. The company has also made significant strides in the renewable energy sector, particularly in the solar industry. DSSL began its journey in the solar sector with a 720 kW project in Kakdwip, West Bengal. Following this, the company acquired a 41.1% stake in Solace Cogen Private Limited, a Maharashtra-based company involved in solar panel manufacturing. Additionally, DSSL has entered into strategic agreements to acquire the remaining 51% stake in Nacof Nithin Sai Green Energy Private Limited. The company has already acquired a 49% stake in a 150 MW power project in Maharashtra, with the condition that it will acquire the remaining 51% stake one year after the project’s completion. Furthermore, DSSL has secured a 100 MW power project in Manipur, backed by a government Power Purchase Agreement (PPA). The company is now backward integrated into the solar business and aims to become a fully integrated player in India’s solar sector, solidifying its position as an emerging leader in green energy
For further details, please visit Dynamic Service & Security Ltd. (dssl.ind.in)
OR Contact:
Vikraam Sanass
Mobile: +91 99044 91500
Mail: Vikram.iconpr@gmail.com
If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.
