Dalmia Cement to Buy 26 Percent in Ventora Energy for 8.1 MW Captive Wind Power Project in Tamil Nadu
Ventora Energy is a special purpose vehicle of Ultra Mega Power Pvt. Ltd. and is developing a wind power project with a capacity of up to 8.1 MW in Tamil Nadu.
March 23, 2026. By Abha Rustagi
The investment, valued at about INR 4.42 crore, will be made in one or more tranches through a share subscription and shareholders’ agreement signed on March 20.
Ventora Energy is a special purpose vehicle of Ultra Mega Power Pvt. Ltd. and is developing a wind power project with a capacity of up to 8.1 MW in Tamil Nadu.
Dalmia Cement said the acquisition will help secure renewable power as a captive consumer and support the group’s target of meeting its RE100 commitment by 2030 and becoming carbon negative by 2040.
The transaction is expected to be completed within three months, subject to customary conditions.
Ventora Energy, incorporated in December 2025, is focused on developing captive wind power projects and currently has no prior operating revenue, according to the filing.
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