Ultratech Cement Ltd.

UltraTech Cement has entered into Energy Supply Agreement and Share Subscription and Shareholders Agreement and to acquire 26% equity shares of AMPIN C&I Power Eight, 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 180 days from the execution of Energy Supply Agreement and Share Subscription and Shareholders Agreement. Cost of acquisition is Rs 25.50 crore.

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