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UltraTech Cement to Secure Over 26% Ownership in Sunsure Solarpark Thirty Eight
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UltraTech Cement acquires 26.20% stake in Sunsure Solarpark Thirty Eight
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CNBC TV18
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06-03-2026, 22:38
UltraTech Cement acquires 26.20% stake in Sunsure Solarpark Thirty Eight
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UltraTech Cement to invest up to ₹6.72 crore for a 26.20% equity stake in Sunsure Solarpark Thirty Eight.
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Acquisition aims to meet green energy needs, optimize costs, and comply with regulatory requirements.
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Transaction expected to complete within 120 days from agreement execution.
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Jayant Dua appointed as Managing Director (Designate) of UltraTech Cement from April 1, 2026.
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Company reported Q3 FY26 net profit of ₹1,729.4 crore (up 27%) and revenue of ₹21,830 crore (up 23%).
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