UltraTech Cement Share Price in Focus; To Acquire 14% Stake in Renewable Energy Company FPEL Services Private Ltd

UltraTech Cement Limited has announced the acquisition of a 13.99% equity stake in FPEL Services Private Limited, a company engaged in the generation and transmission of renewable energy. 

The acquisition has been undertaken through an Energy Supply Agreement and Share Subscription and Shareholders' Agreement.  

Company to Acquire 13.99% Stake in FPEL Services 

According to the company, it will invest ₹12.09 crore (₹12,08,90,000) to acquire a 13.99% equity stake in FPEL Services Private Limited. 

India Cements Limited, a subsidiary of UltraTech Cement, will also acquire a 12.48% equity stake in the company for ₹10.78 crore (₹10,78,00,000).  

Acquisition Aimed at Meeting Green Energy Needs 

UltraTech Cement stated that the investment is intended to meet its green energy requirements, optimise energy costs, and comply with regulatory requirements for captive power consumption under electricity laws. 

The proposed acquisition is not a related-party transaction, and the promoter group has no interest in the target entity.  

FPEL Services to Supply Wind Power 

FPEL Services Private Limited is a special purpose vehicle (SPV) engaged in renewable energy generation and transmission. 

The company will supply 15.70 MW AC wind power on a captive basis to UltraTech Cement's plants in Tamil Nadu from a wind project located in Karur district of Tamil Nadu.  

Transaction Expected to Be Completed Within 180 Days 

The company said the acquisition is expected to be completed within 180 days from the execution of the Energy Supply Agreement and Share Subscription and Shareholders Agreement. 

The transaction will be completed through cash consideration.  

Read More: UltraTech Cement Share Price in Focus as Company Achieves $10 Billion Revenue Milestone, Signals Growth with Higher Capex & Dividends! 

UltraTech Cement Share Price Performance 

As of 11 June 2026, at 11:55 AM, UltraTech Cement share price was trading at ₹10,896.00 per share, reflecting a surge of 0.28% from the previous closing price. 

Conclusion 

The acquisition involves UltraTech Cement purchasing a 13.99% stake in FPEL Services Private Limited, while India Cements Limited will acquire a 12.48% stake. The investment has been undertaken through agreements related to captive renewable energy supply for the group's operations.  

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