UltraTech Cement shares in focus on plans to acquire 26% stake of AMPIN C&I Power Eight

Shares of UltraTech Cement are expected to be in focus on Thursday after the cement manufacturer announced that it will acquire a 26% equity stake in AMPIN C&I Power Eight, a renewable energy generation and transmission company.

The move, involving an investment of up to Rs 25.50 crore, is part of UltraTech’s strategy to meet its green energy requirements, according to a regulatory filing by the Aditya Birla Group firm.

The company stated that it has entered into an energy supply agreement, share subscription, and shareholder agreements to facilitate the acquisition. This initiative is also expected to help UltraTech optimize energy costs and meet regulatory norms related to captive power consumption under electricity laws.


AMPIN C&I Power Eight, incorporated on January 29, 2025, is a special-purpose vehicle created for developing a 75 MWp DC/50 MW AC solar power project in Sindhari village, Balotara district, Rajasthan.

UltraTech, valued at USD 8.4 billion, is the world’s third-largest cement producer outside of China, with a total consolidated grey cement capacity of 183.06 MTPA.

Shares of the company rose 23.92% and outperformed its sector by 16.39% in the past year. Meanwhile, they have offered 74.26% returns in the last three years. UltraTech Cement has better one year returns than Industry, Sector, Nifty50, and Sensex.