UltraTech to buy 26 per cent stake in solar SPV for Rs 255M

21 Apr 2025 CW Team

UltraTech Cement will acquire a 26 per cent equity stake in AMPIN C&I Power Eight Pvt Ltd for up to Rs 255 million, the company said on April 16. The move is aimed at boosting its renewable energy portfolio and securing green power for captive use.

AMPIN C&I Power Eight, incorporated in January 2025, is a special purpose vehicle (SPV) setting up a 75 MWp DC / 50 MW AC solar project at Sindhari in Rajasthan’s Balotara district.

UltraTech said the deal is not a related party transaction and that the company’s promoters have no interest in the SPV. The acquisition is expected to close within 180 days from signing the Energy Supply and Shareholders Agreements.

The investment will help UltraTech meet its energy needs more efficiently, lower costs, and comply with captive power norms under electricity laws.

The move is in line with UltraTech’s long-term sustainability push as it looks to integrate more renewable sources across its operations.

Image source:pv-magazine-india

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..