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UltraTech Cement inks pact to acquire 26% stake in Amplus Omega Solar

17 Jul 2024 Evaluate

UltraTech Cement has entered into Power Purchase Agreement and Share Subscription and Shareholders Agreement with intention to acquire 26% equity shares of Amplus Omega Solar, a company engaged in generation and transmission of renewable energy. The acquisition is for the purpose of meeting the company’s green energy needs, optimising energy cost and comply with regulatory requirements for captive power consumption under electricity laws. Cost of acquisition is Rs 24.30 crore. 

UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India.


Peers
Company Name CMP
Ultratech Cement 11123.00
Ambuja Cements 351.00
ACC 1134.45
Shree Cement 22855.45
Dalmia Bharat 1350.85
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