UltraTech To Tap AMPIN’s 75 MW Solar Project For Captive Power

Solar Project

UltraTech Cement has signed an energy supply agreement and a share subscription and shareholders agreement to acquire a 26% stake in AMPIN C&I Power Eight Private Limited, a company involved in the generation and transmission of renewable energy.

AMPIN C&I Power Eight, based in New Delhi, is a special purpose vehicle (SPV) set up to develop a 75 MWp DC / 50 MW AC solar power project on a captive basis in Sindhari village, Balotara district, Rajasthan, UltraTech said in a regulatory filing.

The company said, “The transaction is expected to close within 180 days of the agreement signing. The acquisition is aimed at supporting UltraTech’s green energy goals, reducing energy costs, and ensuring compliance with captive power norms under Indian electricity regulations.”

The move is also expected to boost UltraTech’s renewable energy capacity. According to the company’s Q3 FY25 results, capacity utilisation stood at 73%, with domestic sales volume rising 10% year-on-year. Energy costs were down 13% year-on-year and 4% quarter-on-quarter, driven primarily by lower fuel prices.

Ampin’s Recent Collaborations

In early 2025, AMPIN Energy Transition signed a power purchase agreement (PPA) with medical device manufacturer Poly Medicure to supply 9.9 MWp of solar power to five of its plants from AMPIN’s 75 MWp solar park in Kurungawali, Sirsa, Haryana. The agreement is expected to replace about 35% of Poly Medicure’s power needs at its Faridabad facilities with solar energy. The switch is estimated to deliver cost savings of around 30% compared to prevailing discom tariffs.

About AMPIN Energy Transition

AMPIN Energy Transition has a 5 GWp portfolio spread across 22 Indian states. Headquartered in New Delhi, with regional offices in Mumbai, Bengaluru, and Kolkata, the company operates a diversified renewable energy portfolio comprising solar, wind, and storage assets. It also engages in energy trading, solar module and cell manufacturing, green hydrogen initiatives, and energy storage development.