UltraTech Cement Limited has announced a strategic investment to expand its renewable energy portfolio by acquiring a 26% equity stake in AMPIN C&I Power Forty Four Private Limited. The acquisition is part of UltraTech’s broader strategy to increase the use of green energy across its operations while managing long-term power costs.
Solar-Plus-Storage Project for Captive Power
The target entity, AMPIN C&I Power Forty Four Private Limited, is a Special Purpose Vehicle (SPV) established to develop a 45 MWp DC / 30 MW AC solar power project integrated with battery energy storage. The project is located in Golamunda, Kalahandi district, Odisha, and will function as a captive power plant, supplying electricity directly to UltraTech’s operational facilities.
Since the SPV was incorporated on August 12, 2025, it has no recorded turnover for the past three financial years. Despite this, UltraTech emphasizes that the project is a key component of its long-term sustainability and energy management strategy.
Transaction and Investment Details
UltraTech Cement has confirmed that the investment will be made through a cash consideration of up to ₹15.12 crore. To execute the acquisition, the company has signed an Energy Supply Agreement along with a Share Subscription and Shareholders Agreement with the SPV. According to the company, the transaction is expected to be completed within 180 days from the signing of these agreements.
The investment will help UltraTech meet its growing green energy requirements while ensuring compliance with Indian electricity regulations regarding captive power consumption. By securing a dedicated solar power source, the company aims to reduce exposure to fluctuating energy prices and advance its broader sustainability and carbon reduction goals.
Regulatory Compliance and Transparency
UltraTech clarified that the acquisition does not involve any related party interests, and the promoters and promoter group companies do not hold any existing stake in the SPV. The disclosure has been made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
“This investment reflects UltraTech’s commitment to increasing renewable energy integration in our operations while supporting long-term energy cost management and sustainability goals,” the company stated.
This move underscores UltraTech Cement’s growing focus on green energy and battery-integrated solar solutions, positioning the company to enhance operational efficiency and reduce its carbon footprint in line with global sustainability standards.
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