India Cements has entered into Energy Supply Agreement and Share Subscription and Shareholders Agreement to acquire 3.62% equity shares of Zenataris Renewable Energy, a company engaged in generation and transmission of renewable energy. The acquisition is for the purposes of meeting the company’s green energy needs, optimising energy cost and comply with regulatory requirements for captive power consumption under electricity laws. The said acquisition is expected to be completed within 120 days from the execution of Energy Supply Agreement and Share Subscription and Shareholders Agreement.
The India Cements is engaged in the manufacture of products that will enable the customer to build structures which are durable, cost effective and conducive for human life style.
