UltraTech Cement (ULTRACEMCO) — Announcement

📢 Key Event
UltraTech Cement to acquire 26% stake in Solaris Horizon Energy

🔄 What Changed
Acquisition of 26% equity stake in a renewable energy SPV

🔮 What's Next
Completion within 180 days of agreement execution

💡 Investor Takeaway
This investment diversifies UltraTech into green energy, potentially lowering long-term power costs and supporting sustainability goals.

UltraTech Cement announced it will acquire a 26% stake in Solaris Horizon Energy Private Limited, a special purpose vehicle developing a 65 MW solar project in Chhattisgarh to meet its captive power needs and reduce energy costs. The cash investment of up to Rs. 27.75 crore will be completed within 180 days of agreements, with no related party involvement.

📄 View Original Announcement (PDF)

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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%

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"What is the expected ROI on the Rs. 27.75 crore investment?" "How will this affect UltraTech's green energy cost savings?" "What is the projected capacity utilization of the solar project?"

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🔥 Also filed on 12 August 2026

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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