UltraTech Cement, an India-based cement manufacturer, has acquired a 26% equity stake in AMPIN C&I Power Forty Four Private Limited for up to INR 15.12 crore (~ $1,642,060). The transaction has been structured through an Energy Supply Agreement and a Share Subscription and Shareholders Agreement, and completion is expected within 180 days from execution. AMPIN C&I Power Forty Four Private Limited was incorporated on 12th August 2025 and operates as a special purpose vehicle for renewable energy generation and transmission of solar power. The special purpose vehicle is developing a 45 MWp DC / 30 MW AC solar power project at Golamunda in Kalahandi district of Odisha, and the installation includes a battery storage facility. UltraTech Cement has confirmed that the consideration has been made in cash and that the acquisition is not a related party transaction.