UltraTech Cement has acquired a 26.18% equity stake in Sunsure Solarpark Seven Pvt Ltd with an investment of ₹192 crore, reinforcing its commitment to clean energy adoption and sustainability.
The investment has been made through a combination of energy supply agreements and shareholder arrangements, enabling UltraTech to source captive renewable power for its operations.
Sunsure Solarpark, a special purpose vehicle (SPV), is engaged in the generation and transmission of solar power, and the project is expected to supply green electricity directly to UltraTech’s manufacturing facilities.
The move is aimed at reducing energy costs, ensuring long-term power security, and meeting regulatory requirements related to captive power consumption under electricity laws.
This strategic investment aligns with UltraTech Cement’s broader focus on decarbonisation and ESG goals, as energy-intensive industries increasingly shift toward renewable sources to lower emissions and improve operational efficiency.
With this acquisition, UltraTech continues to strengthen its renewable energy portfolio, positioning itself for a more sustainable and cost-efficient future in cement manufacturing.
