Back
Corporate News
UltraTech Cement acquires 26% stake in Solaris Horizon Energy for up to Rs 277.55 crore
12-Aug-2026, 05:42
UltraTech Cement Limited announced it has entered into agreements to acquire a 26% equity stake in Solaris Horizon Energy Private Limited, a renewable energy company, for a cash consideration of up to Rs 27,75,50,000. The acquisition, not considered a related party transaction, will help UltraTech Cement meet its green energy needs, optimize energy costs, and comply with regulatory requirements for captive power consumption. Solaris Horizon Energy Private Limited, incorporated on December 10, 2025, will supply 91 MWp DC / 65 MW AC solar power to UltraTech Cement’s plants in Chhattisgarh.
UltraTech Cement Limited announced it has entered into agreements to acquire a 26% equity stake in Solaris Horizon Energy Private Limited, a renewable energy company, for a cash consideration of up to Rs 27,75,50,000. The acquisition, not considered a related party transaction, will help UltraTech Cement meet its green energy needs, optimize energy costs, and comply with regulatory requirements for captive power consumption. Solaris Horizon Energy Private Limited, incorporated on December 10, 2025, will supply 91 MWp DC / 65 MW AC solar power to UltraTech Cement’s plants in Chhattisgarh.