UltraTech Cement Acquires 26% Stake in Solar Power Company for Rs. 15.12 Crore
UltraTech Cement Acquires 26% Stake in Solar Power Company for Rs. 15.12 Crore is drawing significant interest across the industry.
UltraTech Cement has announced the acquisition of a 26% equity stake in AMPIN C&I Power Forty Four Private Limited for up to Rs. 15.12 crore. The target company is developing a 45 MWp DC / 30 MW AC solar power project with battery storage in Odisha. The acquisition aims to meet green energy needs, optimize energy costs, and ensure regulatory compliance for captive power consumption.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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