UltraTech Cement Limited (ULTRACEMCO) — Announcement Announcement
📢 Key Event
UltraTech Cement to acquire 13.99% stake in FPEL Services
🔄 What Changed
Acquisition of 13.99% equity stake in renewable energy SPV
🔮 What's Next
Completion within 180 days
💡 Investor Takeaway
This investment secures green energy supply and reduces captive power costs for UltraTech Cement.
UltraTech Cement announced it will acquire a 13.99% equity stake in FPEL SERVICES PRIVATE LIMITED for Rs.12,08,90,000 to secure green energy supply and reduce captive power costs. The deal aligns with regulatory requirements for renewable energy use and marks UltraTech’s first direct entry into wind power generation.
📄 View Original Announcement (PDF)
About UltraTech Cement Limited (ULTRACEMCO)
Construction Materials · Cement & Cement Products · Listed on NSE
Market Cap: ₹3,38,497.96 Cr
P/E: 44.1
ROE: 10.8%
ROCE: 12.3%
Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.