🚀 **UltraTech Cement Invests in Solar SPV to Strengthen Green Energy Strategy**

In a move to accelerate its sustainability initiatives, **UltraTech Cement** has announced the acquisition of a **26.20% equity stake in Sunsure Solarpark Thirty Eight Private Limited**, a renewable energy special purpose vehicle (SPV). The investment is aimed at securing green power supply and reducing long-term energy costs. ### 📊 Deal Highlights * **Stake Acquired:** 26.20% * **Investment Value:** Up to **₹6.72 crore** * **Nature of Transaction:** Cash consideration * **Completion Timeline:** Expected within **120 days** of agreement execution. ### ☀️ About the Project The target company is developing a **21 MWp DC / 14 MW AC solar power project** at **Dhule, Maharashtra**. The facility will also include an **integrated Battery Energy Storage System (BESS)** to improve power efficiency and reliability. ### 📈 Strategic Significance This investment supports UltraTech’s plan to increase renewable energy usage across its operations. The captive solar project will help the cement major **optimise power costs, reduce carbon emissions, and comply with regulatory requirements for captive power consumption**. With energy costs being a key factor in cement manufacturing, such renewable investments can improve operational efficiency while strengthening the company’s ESG profile. ⚠️ **Disclaimer:** This post is for informational purposes only and not investment advice. 👍 Like | 🔁 Share | Follow for more corporate updates from Indian markets.