UltraTech Cement Buys 26% Stake In Solaris Horizon For Rs 27.76 Crore

UltraTech Cement has signed agreements to acquire a 26 percent stake in Solaris Horizon Energy Private Limited for up to Rs 27.76 crore in cash. The company informed the stock exchanges about the proposed investment on 12 August 2026.

Solaris Horizon is a subsidiary of Waaree Forever Energies Private Limited and is involved in the generation and transmission of renewable energy, with a focus on solar power. The company has been set up to supply solar power to UltraTech Cement’s plants in Chhattisgarh for their own use.

The power will come from a solar project located at Puran village in Mungeli district, Chhattisgarh. The project will have a capacity of 91 megawatt peak on the solar generation side and 65 megawatts of usable power. This supply is expected to help UltraTech increase the use of cleaner energy at its manufacturing plants.

UltraTech said the investment will help meet its green energy needs and lower energy costs. It will also allow the cement maker to meet legal requirements linked to the use of power generated for its own operations. The acquisition will be completed through an equity investment.

The transaction is expected to be completed within 180 days from the signing of the energy supply, share subscription and shareholders’ agreements. UltraTech said the proposed deal is not a related-party transaction. Its promoters, promoter group and group companies have no interest in Solaris Horizon or the planned acquisition.

Solaris Horizon was incorporated on 10 December 2025 and has its registered office in Mumbai. As it is a newly formed company created for this solar project, it has reported no turnover in the past three years.

The investment strengthens UltraTech’s efforts to secure renewable power for its cement operations while managing electricity expenses over the coming years. This move is part of the company's strategy to increase its use of renewable energy and reduce its carbon footprint.

UltraTech Cement is one of the leading cement manufacturers in India, and this investment is a significant step towards achieving its sustainability goals. The company has been working towards reducing its energy costs and increasing its use of renewable energy sources.

In recent years, there has been a growing focus on renewable energy in India, with the government setting ambitious targets to increase the use of solar and wind power. This investment by UltraTech Cement is a significant step towards achieving these targets and reducing the country's dependence on fossil fuels.

The deal is expected to have a positive impact on UltraTech Cement's bottom line, as it will help the company to reduce its energy costs and increase its use of renewable energy. This will also help the company to meet its sustainability goals and reduce its carbon footprint.

In conclusion, the investment by UltraTech Cement in Solaris Horizon is a significant step towards achieving its sustainability goals and reducing its carbon footprint. The deal is expected to have a positive impact on the company's bottom line and will help to increase the use of renewable energy in India.