UltraTech Cement to Buy 26% of Solaris Horizon for Green Energy

A big company that makes cement wants to use more sunshine for its factories.

Cement is made in very hot ovens, which need a lot of electricity.

Making electricity from the sun is called solar power, and it is cleaner for the planet.

UltraTech Cement decided to buy a small part of another company that makes solar power.

That company is called Solaris Horizon, and it is building a solar farm in a place called Chhattisgarh.

The solar farm will be big enough to power UltraTech's cement plants in the same area.

UltraTech will pay almost 28 crore rupees for its share of the company.

Buying this share helps UltraTech get cheaper and cleaner electricity.

It also helps the company follow rules about using power made for its own use.

The whole deal should be finished within 180 days, which is about six months.