UltraTech Cement to Buy 26% Holding in AmpIn Power Eight, Enhancing Renewable Energy Portfolio

Unknown Apr 02, 2026 600 Views

Mumbai, April 16, 2025 – UltraTech Cement Ltd, India's largest cement manufacturer, has made the move to acquire a 26% equity holding in AmpIn Power Eight, marking a significant move towards clean energy usage and sustainability. The acquisition is part of UltraTech's consistent eff...

Mumbai, April 16, 2025 – UltraTech Cement Ltd, India's largest cement manufacturer, has made the move to acquire a 26% equity holding in AmpIn Power Eight, marking a significant move towards clean energy usage and sustainability. The acquisition is part of UltraTech's consistent efforts to minimize its carbon footprint and source renewable power for its operations.

Key Highlights:

Strategic Investment:

UltraTech Cement will buy 26% stake in AmpIn Power Eight, a leading renewable energy player. The strategic holding will ensure long-term availability of green power for UltraTech's manufacturing facilities, aligning with its ESG objectives.

Sustainable Growth:

The investment supports UltraTech's sustainability plan to meet an increasingly higher percentage of energy requirements from renewables, lower greenhouse gas emissions, and become closer to net-zero levels.

Operational Benefits:

The association will allow UltraTech to secure dependable, cost-effective renewable electricity, which will help in controlling the cost of energy and meeting regulatory guidelines for green energy purchasing in India's cement industry.

Industry Trend:

The transaction is in line with the growing trend among India's leading industrials to invest in and co-finance renewable energy projects to secure energy, as India shifts towards a low-carbon economy.

Leadership Insights:

"We believe UltraTech's investment in this project will be a step in the right direction,

"By investing in AmpIn Power Eight, we are reconfirming our commitment to sustainable business and environmental stewardship. This alliance opens the door to a greener value chain."

Outlook:

The acquisition reflects UltraTech's position as a leader in sustainable manufacturing and is likely to bring long-term gains for the company and the environment, while encouraging the development of renewable energy in India.

Source: Company statement, stock exchange filings, April 16, 2025.

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