UltraTech Cement, India’s largest cement manufacturer, has announced that it will acquire a 26% equity stake in AMPIN C&I Power Eight Private Limited, a company involved in renewable energy generation and transmission. The deal is valued at ₹25.5 crore and is part of UltraTech’s plan to reduce energy costs, meet its green energy goals, and comply with captive power regulations under Indian electricity laws.
AMPIN C&I Power Eight was incorporated on January 29, 2025, and is a special-purpose vehicle (SPV) set up to build a 75 MWp DC / 50 MW AC solar power project. The project will be located in Sindhari village, in the Balotara district of Rajasthan. To move ahead with this investment, UltraTech has signed agreements related to energy supply, share subscription, and shareholding.
This step marks another move in UltraTech’s sustainability journey. The company is aiming to increase the use of renewable energy sources and improve efficiency across its operations. By holding 26% stake, UltraTech will be able to qualify as a captive consumer, which means it can directly use power from the project to meet part of its energy needs at lower costs.
UltraTech Cement is part of the Aditya Birla Group and is one of the largest cement producers in the world, outside of China. As of March 1, 2025, UltraTech has a grey cement production capacity of 177.7 million tonnes per annum (MTPA) in India and 183.06 MTPA globally on a consolidated basis.
This investment is aligned with the company’s long-term goals of sustainability, cost control, and support for India’s renewable energy mission.