UltraTech Cement Acquires 26% Stake in Solar Power Firm AMPIN C&I Power Eight

UltraTech Cement has announced that it will acquire a 26% equity stake in AMPIN C&I Power Eight Private Limited, a solar power firm, for up to ₹25.5 crore. This acquisition is part of UltraTech's ongoing efforts to enhance its renewable energy portfolio and advance its sustainability goals. The deal, announced on April 16, 2025, aligns with the company’s strategy to optimize its energy costs and reduce its carbon footprint by increasing its reliance on green energy sources.

AMPIN C&I Power Eight, which was incorporated earlier in 2025, is a special purpose vehicle (SPV) dedicated to the generation and transmission of solar power. The company is in the process of setting up a 75 MWp DC / 50 MW AC solar power project in Sindhari, located in the Balotara district of Rajasthan. The project is expected to significantly contribute to the region's renewable energy generation capacity.

For UltraTech Cement, this acquisition is a strategic step toward meeting its green energy needs. The company has been actively working towards integrating renewable energy into its operations to ensure compliance with regulatory standards and to meet its energy requirements through sustainable sources. This move also supports the company’s broader objective of reducing its carbon footprint, in line with global trends toward sustainability.

As part of the acquisition, UltraTech will be investing in AMPIN C&I Power Eight, which will help the cement manufacturer meet its energy consumption requirements as per electricity laws. The acquisition, however, is not a related party transaction, and the promoters of UltraTech Cement have no interest in AMPIN C&I Power Eight.

The project in Rajasthan is an important step in UltraTech's commitment to renewable energy. The 75 MWp solar project will contribute to the company’s energy supply, reducing its dependence on non-renewable sources. With the increasing demand for energy in the industrial sector, companies like UltraTech Cement are looking to renewable energy projects not only for sustainability but also for operational efficiency and cost savings.

The deal is expected to be completed within 180 days from the execution of the Energy Supply Agreement and Share Subscription and Shareholders Agreement. This timeline reflects the necessary legal and operational steps required to finalize the acquisition and integrate AMPIN C&I Power Eight’s solar power assets into UltraTech’s energy strategy.

UltraTech Cement's move into the renewable energy space is consistent with its commitment to environmental responsibility. The company has been expanding its focus on sustainability, not just through renewable energy, but also by improving operational processes, reducing waste, and minimizing its carbon footprint across its business activities.