3 weeks ago
UltraTech Cement acquires 26% solar SPV stake for ₹27.75 crore
UltraTech Cement is a big company that makes cement.
Factories like theirs need a lot of electricity to run.
UltraTech is buying a 26% share of a special company that makes electricity from sunlight.
It will pay ₹27.75 crore for this share.
The deal is expected to be finished within 180 days.
Buying solar power helps UltraTech use more green energy, which comes from sources like the sun.
Green energy is better for the planet than energy from coal or oil.
UltraTech has been adding lots of green energy and now has 1.81 GW of clean power capacity.
In FY2026, green energy made up about 41% of the electricity the company used.
Its green power mix went up to 43% in the last quarter of the year.
UltraTech Cement will acquire a 26% stake in a solar power special purpose vehicle for ₹27.75 crore.
The acquisition is expected to be completed within 180 days from the execution of the agreements.
The investment aims to meet green energy requirements, optimise energy costs, and comply with captive power consumption regulations under electricity laws.
In FY2026, UltraTech commissioned 371 MW of renewable energy capacity, taking its total installed renewable capacity to 1.39 GW.
Green energy supplied around 41% of UltraTech's total power requirements in FY2026, rising to a 43% green power mix in Q4 FY2026.
- Who
- UltraTech Cement, a cement manufacturing company.
- What
- Acquiring a 26% stake in a solar power special purpose vehicle for ₹27.75 crore as part of its clean energy expansion.
- Where
- Not explicitly stated in the articles.
- When
- The acquisition is expected to be completed within 180 days from the execution of the agreements; capacity figures refer to FY2026.
- Why
- To meet UltraTech's green energy requirements, optimise energy costs, and comply with regulatory requirements applicable to captive power consumption under electricity laws.
Key facts
- Acquired Stake
- 26% in a solar power SPV
- Investment Value
- ₹27.75 crore
- Completion Timeline
- Within 180 days of agreement execution
- Renewable Capacity Commissioned in FY2026
- 371 MW
- Total Installed Renewable Capacity
- 1.39 GW
- Waste-Heat Recovery Capacity Added in FY2026
- 63 MW
- Total Clean Power Capacity
- 1.81 GW
- Green Energy Share of Total Power (FY2026)
- Around 41%, rising to 43% in Q4 FY2026
Sources
Related news
UltraTech Cement to Buy 26% of Solaris Horizon for Green Energy
Tata Power's Rs 1.25 Lakh Crore Green Expansion Challenge
CESC acquires ReNew's 1.4 GW solar assets for ₹4,859 crore
Vedanta Invests $1 Billion in Net-Zero Push as Emissions Fall
Rising Energy Costs Pose Risk to India's Growth, Says Birla
Sunsure Energy’s Uttar Pradesh Renewable Portfolio Surpasses 500 MWp
Aravalli Mining Leaves Rajasthan Villages Facing Water Crisis
Five Investor Choices That Matter in Changing Markets
Mining Leaves Cracks, Dust and Displacement Across Rajasthan’s Aravallis
India’s Manufacturing Majors Scale Capacity Across Strategic Industries
Hindalco Commissions India’s First Superfine ATH Plant in Karnataka
