UltraTech Cement Acquires 26% Stake in Solar Power Company for Rs. 15.12 Crore

UltraTech Cement has announced its strategic acquisition of a 26% equity stake in AMPIN C&I Power Forty Four Private Limited, a renewable energy company focused on solar power generation. The acquisition, valued at up to Rs. 15.12 crore, represents the cement major's commitment to sustainable energy solutions and regulatory compliance. Acquisition Details The company has entered into an Energy Supply Agreement and Share Subscription and Shareholders Agreement to acquire the minority stake in the renewable energy firm. The transaction structure and key parameters are outlined below: Parameter: Details Investment Amount: Up to Rs. 15.12 crore Shareholding Acquired: 26% equity stake Nature of Consideration: Cash consideration Completion Timeline: Within 180 days from agreement execution Related Party Status: Not a related party transaction Target Company Profile AMPIN C&I Power Forty Four Private Limited operates as a special purpose vehicle for renewable energy development. The company's business profile includes: Aspect: Information Business Focus: Generation and transmission of renewable energy (solar power) Incorporation Date: 12th August 2025 Registered Office: 309, 3rd Floor Rectangle, One Behind Sheraton Hotel, Saket, New Delhi- 110017 Project Capacity: 45 MWp DC / 30 MW AC solar power project Project Location: Golamunda, District – Kalahandi, Odisha Additional Features: Battery storage facility Turnover History: Not applicable as newly incorporated SPV Strategic Rationale The acquisition aligns with UltraTech Cement's sustainability objectives and operational requirements. The company has identified three primary purposes for this investment: Green Energy Requirements: Meeting the company's renewable energy needs as part of its environmental commitments Cost Optimization: Optimizing energy costs through captive solar power generation Regulatory Compliance: Ensuring adherence to regulatory requirements for captive power consumption under electricity laws Transaction Structure The acquisition involves a straightforward equity investment structure with cash consideration. The company has confirmed that no governmental or regulatory approvals are required for completing this transaction. The deal does not involve any promoter or promoter group interest, maintaining arm's length transaction principles. The solar power project being developed by the target company will operate on a captive basis, directly supporting UltraTech Cement's energy requirements while contributing to its renewable energy portfolio. This strategic move reflects the cement industry's broader shift toward sustainable energy sources and cost-effective power solutions. UltraTech Cement Limited has received an affirmation of its credit ratings from Fitch Ratings, maintaining its financial standing in the investment-grade category. The rating agency confirmed the company's Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at 'BBB-' with a stable outlook. Rating Details and Scope The rating affirmation encompasses multiple financial instruments and maintains consistency across UltraTech Cement's debt portfolio. The comprehensive review covered both the company's issuer ratings and specific bond instruments. Rating Component Rating Outlook Long-Term Foreign Currency IDR BBB- Stable Long-Term Local Currency IDR BBB- Stable USD 400 million Senior Unsecured Notes BBB- - The USD 400 million 2.80% senior unsecured notes due 2031 also received the 'BBB-' rating affirmation, ensuring alignment across the company's international debt instruments. Regulatory Compliance and Disclosure The rating affirmation was formally communicated to Indian stock exchanges on February 7th, 2026, in adherence to regulatory requirements. Company Secretary and Compliance Officer Dhiraj Kapoor signed the disclosure document, ensuring compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Exchange Scrip Code/ISIN BSE Limited 532538 National Stock Exchange ULTRACEMCO Luxembourg Stock Exchange US90403E1038, US90403E2028 Singapore Exchange US90403YAA73, USY9048BAA18 Rating Methodology Update Fitch Ratings conducted this affirmation following an update of its Corporate Rating Criteria, indicating a comprehensive review of the rating methodology. The stable outlook suggests that Fitch expects UltraTech Cement to maintain its current credit profile over the rating horizon. The 'BBB-' rating places UltraTech Cement in the investment-grade category, representing adequate capacity to meet financial commitments. The stable outlook indicates that rating changes are not anticipated in the near term, reflecting confidence in the company's financial stability and operational performance. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.