UltraTech Cement Limited has informed the Exchange about Acquisition
ULTRACEMCO · price
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Awaiting price reaction for this filing.
UltraTech Cement is acquiring a 26.20% equity stake in Sunsure Solarpark Thirty Eight Private Limited, a solar power special purpose vehicle, for up to Rs. 6.72 crore in cash. The target company is setting up a 21 MWp DC / 14 MW AC captive solar power project with an integrated battery energy storage system (BESS) at Dhule, Maharashtra. The acquisition is aimed at meeting UltraTech's green energy requirements, optimising energy costs, and complying with captive power consumption regulations. Sunsure Solarpark Thirty Eight is a recently incorporated entity (November 2024) with no turnover in FY25. The deal is expected to be completed within 120 days and is not a related party transaction, with no promoter group interest involved.
This is a small, strategic green energy investment (under Rs. 7 crore) to power UltraTech's cement operations with captive renewable energy, helping reduce long-term power costs and meet sustainability norms. Minimal impact on stock price expected, but signals the company's continued push toward clean energy adoption.