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News UltraTech to buy a minority stake in O2 Renewable Energy

UltraTech to buy a minority stake in O2 Renewable Energy

Written by Global Cement staff 28 March 2024
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India: UltraTech Cement plans to acquire a 26% stake in O2 Renewable Energy for around US$2m. It is making the purchase to support the energy requirements of its plants from renewable sources, according to the Times of India newspaper. O2 Renewable Energy is currently building a solar power plant in Karnataka that is expected to generate 35 – 48MW.

Last modified on 03 April 2024
Published in Global Cement News
Tagged under
  • India
  • UltraTech Cement
  • O2 Renewable Energy
  • Acquisition
  • Stake
  • Solar power
  • GCW653
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