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News Topical, Digital Desk : UltraTech Cement Share Price: UltraTech Cement, the country's leading cement company, has taken a major step into the renewable energy sector. The company has signed an agreement to acquire a 26.20% equity stake in Sunsure Solarpark Thirty Eight Private Limited.
The company, which primarily operates in the production and transmission of renewable energy, has signed an Energy Supply Agreement and a Share Subscription and Shareholders Agreement for this investment.
Investment of up to ₹6.72 crore UltraTech Cement will make an equity investment of up to ₹6.72 crore in Sunsure Solarpark Thirty Eight under this deal. According to the company, this investment is being made to meet green energy requirements, reduce energy input and comply with the regulations related to captive power under the Electricity Act.
Deal may be completed in 120 days The company informed that this deal is not a Related Party Transaction and the promoter or promoter group of the company has no stake in it. The acquisition is expected to be completed within 120 days after execution of the deal documents. Jayant Dua to be MD (Designate) The board of the company has also approved the appointment of Jayant Dua as Managing Director (Designate). His appointment will be effective from April 1, 2026. This decision has been taken on the recommendation of the Nomination, Remuneration and Compensation Committee of the company. Strong performance in the third quarter UltraTech Cement has reported strong financial results for the third quarter of FY2026.
- Net profit: ₹1,729.4 crore (27% growth)
- Earnings: ₹21,830 crore (23% growth)
- EBITDA: ₹3,915 crore (35.2% growth)
This profit exceeded market estimates of ₹1,540 crore. However, on Friday, the company's stock closed at ₹11,990 on the NSE, a decline of ₹298, or 2.43%, from its previous close.
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