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EIM and Paradeep Parivahan commence deployment of electric heavy-duty trucks for UltraTech Cement
Energy In Motion (EIM) and Paradeep Parivahan (PPL) have commenced the deployment of approximately 45 EIM Ashwa 4x2, 55-tonne electric heavy-duty vehicles for UltraTech Cement.
UltraTech Cement buys stake in renewable energy firm to cut power costs
UltraTech Cement Ltd has entered into an Energy Supply Agreement and a Share Subscription and Shareholders Agreement to acquire a 13.99% equity stake in FPEL Services Pvt. Ltd., a company engaged in the generation and transmission of renewable energy through wind power.
UltraTech to pick up 26% in Sunsure Solarpark Seven
UltraTech Cement is set to acquire a significant stake in Sunsure Solarpark Seven. This move aims to secure green energy for UltraTech. The acquisition will help optimize energy costs and meet regulatory demands. The deal is expected to be finalized within 180 days. This strategic investment underscores UltraTech's commitment to renewable energy.
UltraTech Cement to acquire 26.18% stake in Sunsure Solarpark Seven for ₹19.2 crore
The ₹19.2-crore acquisition is aimed at meeting UltraTech's green energy requirements, optimising energy costs and complying with regulatory requirements for captive power consumption under electricity laws. UltraTech Cement Ltd shares closed at ₹11,225, up ₹109 or 0.98%, on March 18 at the NSE.
UltraTech Cement to acquire over 26% stake in Sunsure Solarpark Thirty Eight
UltraTech Cement will acquire a 26.20% stake in Sunsure Solarpark Thirty Eight to source renewable power and meet captive energy requirements.
Closing Bell: Market dives as crude climbs; Sensex slides 829 pts, Nifty below 23,700
Biggest Nifty losers were Eicher Motors, M&M, Maruti Suzuki, Bajaj Finance, UltraTech Cement, while gainers included Coal India, Jio Financial, Adani Enterprises, NTPC, Power Grid Corp. Among sectors, Auto index slipped more than 3%, FMCG index shed 1.7% and Private Bank index declined 1.6%, while Power index gained 2.5%, Energy index rose 2%, Oil & Gas, Metal, Capital Goods rose 0.5% each. The BSE midcap index fell 0.4% and smallcap index shed 0.7%.
Stocks to Watch Today: RITES, GNFC, IRB Infra, Tata Power, Dr Reddys Labs, Max Estates, Meesho, Kwality Walls, PB Fintech in focus on 9 March
Stocks to Watch, 9 March: Stocks like Kwality Walls India, SML Mahindra, Max Estates, Meesho, Kotak Mahindra Bank, R Systems International, Yes Bank, Dr Reddy's Laboratories, Tata Power Company, RITES, UltraTech Cement, and IRB Infrastructure Developers will be in focus on March 9.