UltraTech Cement Limited has informed the Exchange about Acquisition
ULTRACEMCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
UltraTech Cement has agreed to acquire a 26.18% equity stake in Sunsure Solarpark Seven Private Limited, a special purpose vehicle set up to build a 60 MWp DC / 40 MW AC solar power project with battery storage in Charkhari, Uttar Pradesh. UltraTech will invest up to Rs. 19.20 crore in cash. The deal is aimed at securing green energy for the company's operations, lowering energy costs, and meeting captive power requirements under Indian electricity laws. The transaction is not a related-party deal, and completion is expected within 180 days.
This is a small, strategic step toward renewable energy self-sufficiency and is unlikely to move the stock meaningfully, but it supports long-term cost savings and ESG compliance for shareholders.