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

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..