UltraTech Cement to invest up to Rs 277.55 million for 26% stake in Solaris Horizon Energy
Reuters2026/08/12 11:50- 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: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Gurman predicts iPhone Duo: The first foldable may set industry standards, Apple (AAPL.US) foldable could trigger a decade-long upgrade cycle
Renowned financial journalist Mark Gurman stated that Apple’s first foldable iPhone has the potential to elevate the still-experimental foldable phone category to an industry standard. He noted that this device, called the iPhone Duo, is one of Apple’s most influential products, ranking just behind the iMac, iPod, iPad, and Apple Watch.
Anchoring to Nasdaq! Anthropic races toward a record-breaking IPO with fundraising scale targeting SpaceX
Sources indicate that Anthropic PBC has chosen Nasdaq as its listing venue, and the potential IPO is expected to set a historic record.
10-Yr Benchmark Govt Yields - U.S. vs Other Nations
2-Yr Benchmark Govt Yields - Germany vs Other Nations
Crypto prices
More
