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UltraTech Cement will acquire a 26% stake in AMPIN C&I Power Eight for Rs.25.5 crore. The solar SPV is setting up a 75 MWp DC project in Rajasthan. The deal strengthens UltraTech’s renewable energy sourcing strategy.
UltraTech Cement Limited has announced its decision to acquire a 26% equity stake in AMPIN C&I Power Eight Private Limited for Rs.25.5 crore. This strategic investment supports UltraTech’s growing focus on sustainable energy solutions and enables the company to optimise its energy costs through captive solar power generation. AMPIN C&I Power Eight, incorporated in January 2025, is developing a 75 MWp DC / 50 MW AC solar power plant in Village Sindhari, District Balotara, Rajasthan.
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UltraTech Cement to invest Rs.25.5 crore in AMPIN C&I Power Eight
Acquisition involves a 26% stake in a renewable energy SPV
The solar plant capacity is 75 MWp DC / 50 MW AC
Location of the project is Balotara, Rajasthan
Completion expected within 180 days from agreement execution
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The investment in AMPIN C&I Power Eight will allow UltraTech Cement to secure a steady supply of renewable energy under captive consumption rules. The 26% stake ensures compliance with regulatory requirements for using power from an SPV under electricity laws. The solar project is expected to not only reduce power costs but also help UltraTech meet sustainability goals across its manufacturing operations.
The acquisition is structured through an Energy Supply Agreement and a Share Subscription and Shareholders Agreement. Completion of the transaction is anticipated within 180 days, depending on fulfilment of the agreed conditions.
Particulars | Details |
Acquirer | UltraTech Cement Ltd |
Investee | AMPIN C&I Power Eight Pvt Ltd |
Stake Acquired | 26% |
Investment Value | Rs.25.5 crore |
Project Capacity | 75 MWp DC / 50 MW AC |
Project Location | Sindhari, Balotara, Rajasthan |
SPV Incorporation Date | 29 January 2025 |
Completion Timeline | Within 180 days from agreement execution |
This move is aligned with UltraTech’s broader strategy to increase the share of renewable energy in its operations and ensure regulatory compliance. As the project progresses and the benefits of green energy integration unfold, the UltraTech Cement share price may reflect increased investor confidence in its sustainability roadmap. With long-term efficiency gains in sight, the transaction reinforces UltraTech’s commitment to a cleaner energy future while potentially influencing future trends in UltraTech Cement share price.
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