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UltraTech Cement Acquires 26% Stake in Solar SPV for Rs.25.5 Crore

Synopsis:

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.

Also read: BHEL Signs Tech Deal With BARC to Cut Green Hydrogen Costs

ULTRATECH CEMENT LIMITED

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11641-228.00 (-1.92 %)

Updated - 30 April 2025
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Key Takeaways

  • 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

Also read: DLF To Sell Kolkata IT SEZ To Srijan Group For Rs.693 Crore

Strategic Fit for Captive Green Energy

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.

Summary Table: UltraTech Investment in AMPIN C&I Power Eight

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.

Also read: Zydus Lifesciences Invests in Feldan to Boost Drug Delivery Innovation

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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