Announced Wed, 2 Sept, 2026 · 17:43 IST
India Cements to acquire 26 percent stake in Amplus TN One Energy for Rs 14.06 cr
INDIACEM · price
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Price reaction · full curve 14 horizons · vs prior close
+1.1%1-day move
₹358.75
prior close
₹358.30
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.7+0.5+1.0+0.7+1.1-0.7-1.5-1.9-2.9-7.0-10.0-16.9——
Up moveDown movePending
AI summary
India Cements will acquire 26 percent equity in Amplus TN One Energy Private Limited, a solar power SPV setting up 41.80 MW solar projects with battery storage for captive use at four cement units in Andhra Pradesh and Telangana. Investment is up to Rs 14.06 crore in cash. The move is to meet green energy needs, reduce power costs and comply with captive power rules. Not a related party deal. Completion within 180 days.
Likely market impact
Strategic move towards green energy and lower power costs; supports ESG goals and captive power compliance for cement plants. Minor cash outflow.