HOME > MARKETS > COMPANY NEWS
  COMPANY NEWS
COMPANY
UltraTech Cement to acquire 26% equity shares of M/s O2 Renewable Energy XXII
Mar-28-2024

UltraTech Cement has entered into Energy Supply agreement and Share Subscription and Shareholders agreement to acquire 26% equity shares of M/s O2 Renewable Energy XXII, a company engaged in generation and transmission of renewable energy. 

The objective of acquisition is to meet the green energy needs, optimize energy costs and comply with regulatory requirements for captive power consumption under electricity laws.

UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India.

  RELATED NEWS >>