UltraTech Cement, India Cements to Procure 29.7 MW Captive Wind Power from Fourth Partner Energy
UltraTech Cement and India Cements have signed agreements to procure 29.70 MW of captive wind power from Fourth Partner Energy’s wind project in Karur, Tamil Nadu, while acquiring a combined 26.47 percent stake in the project SPV, FPEL Services, for INR 22.869 crore.
June 11, 2026. By Mrinmoy Dey
The companies have entered into an Energy Supply Agreement and Share Subscription, and Shareholders Agreement to pick up a cumulative of 26.47 percent stake in the SPV FPEL Services. While UltraTech Cement will invest INR 12.089 crore for a 13.99 percent stake, India Cements will acquire 12.48 percent stake at an investment of INR 10.78 crore, the companies stated in regulatory filings.
While UltraTech Cement will procure 15.70 MW of wind power for its plant in Tamil Nadu, India Cements will procure 14 MW.
The acquisitions are expected to be completed within 6 months.
In March 2026, UltraTech Cement announced that it would procure power from a 21 MW DC/14 MW AC captive solar project with battery storage in Maharashtra, being developed by Sunsure Energy. The company will acquire a 26.20 percent stake in the project SPV Sunsure Solarpark Thirty Eight for INR 6.72 crore.
The company also announced that it will procure power from a 45 MW DC/30 MW AC captive solar project in Odisha, being developed by AMPIN Energy Transition after acquiring a 26 percent stake in the project SPV AMPIN C&I Power Forty Four for INR 15.12 crore.
In April 2025, UltraTech Cement announced that it would acquire a 26 percent stake in AMPIN C&I Power Eight, an AMPIN Energy Transition SPV, for INR 25.5 crore to source power from a 75 MW DC/50 MW AC solar project being developed in Rajasthan under the captive model.
UltraTech, in its 2024–25 Integrated and Sustainability Report, reaffirmed its RE100 target of sourcing 100 percent of its energy from renewable sources by 2050. As of FY2025, the company’s renewable energy capacity stood at 1.02 GW, accounting for about 27.8 percent of its total energy mix, with plans to increase this share to 85 percent by 2030.
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