UltraTech Cement to invest up to Rs 277.55 million for 26% stake in Solaris Horizon Energy
Reuters2026/08/12 11:50Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- UltraTech Cement will invest up to INR 277.55 million for a 26% stake in Solaris Horizon Energy.
- Transaction structured as a share subscription alongside an energy supply agreement.
- Solaris Horizon is an SPV set up to supply 91 MWp DC/65 MW AC solar power to UltraTech plants in Chhattisgarh.
- Deal targets lower power costs, captive green-energy compliance, renewable sourcing; completion expected within 180 days of signing.
Disclaimer:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 5PS9YY68UQQQHPAI) on August 12, 2026, and is solely responsible for the information contained therein.
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