UltraTech Cement Bolsters Green Energy Push with ₹6.72 Crore Investment in Solar Project

t Limited, India's leading cement manufacturer, has taken another significant step towards sustainability by announcing its entry into a renewable energy venture. The company has signed key agreements to acquire a 26.20 per cent equity stake in Sunsure Solarpark Thirty Eight Private Limited, a special purpose vehicle focused on solar power generation. The investment, valued at up to ₹6.72 crore and to be made through cash consideration, will enable UltraTech to secure captive solar power supply. This move aligns with the company's broader strategy to meet its growing green energy requirements, optimise operational energy costs, and comply with regulatory mandates for captive power consumption under Indian electricity laws. Sunsure Solarpark Thirty Eight Private Limited is developing a 21 MWp DC (equivalent to 14 MW AC) solar power project integrated with a battery energy storage system (BESS) in Dhule, Maharashtra. The facility is designed to provide reliable renewable energy, supporting UltraTech's operations while contributing to reduced carbon emissions.