Announced Thu, 23 Jul · 20:15 IST
Orient Cement acquires 9.04% stake in Vena Energy for captive power use
Listed Co AcquisitionDemerger Ratio AnnouncedNclt Scheme FiledStrategic Transactions View source PDF
ORIENTCEM · price
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Price reaction · full curve 14 horizons · vs prior close
+0.8%1-day move
₹134.70
prior close
₹132.00
base price
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AI summary
Orient Cement board approved acquiring 9.04% stake in Vena Energy KN Wind Power for Rs 12.34 lakh cash. Target runs a 46 MW wind project in Karnataka; Orient will offtake power for captive use at its cement plants. Deal to close by Aug 31, 2026. Q1 FY27 revenue Rs 604 cr vs Rs 866 cr YoY; PAT Rs 77 cr vs Rs 205 cr YoY.
Likely market impact
Step toward captive clean energy for cement ops. Q1 profit fell sharply YoY on weaker revenue. Ambuja merger scheme with 33:100 swap ratio is advancing.