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2 clusters · 4 sources · 21 days · First seen · Last updated

UltraTech Cement renewable energy and logistics transition

Overview

UltraTech Cement is implementing several initiatives to transition toward renewable energy and reduce its carbon footprint.

In August 2026, the company announced plans to acquire a 26 percent equity stake in Solaris Horizon Energy Private Limited for up to ₹27.75 crore. This cash investment aims to secure captive solar power for manufacturing plants in Chhattisgarh’s Mungeli district. The project, a 65 MW AC solar power development, is expected to be completed within 180 days.

By September 2026, the company expanded its decarbonization strategy to logistics, announcing plans to deploy over 600 heavy-duty electric trucks by the end of the year. This fleet is intended to transport approximately five million metric tonnes of materials annually across seven Indian states. The transition aims to reduce annual CO2 emissions by more than 117,000 tonnes and displace roughly 39 million litres of diesel per year through service contracts with various vehicle manufacturers.

Entities

Ashok Leyland · Aditya Birla Group · SANY · UltraTech Cement · Tata Motors

Timeline

  1. 27 days ago

    [BUSINESS] 4 sources
    UltraTech Cement to deploy 600+ electric trucks by 2026

    UltraTech Cement plans to deploy over 600 heavy-duty electric trucks by December 2026 to decarbonize its logistics across seven Indian states, targeting a reduction of 117,000 tonnes of CO2 annually.

  2. about 2 months ago

    [BUSINESS] 2 sources
    UltraTech Cement to acquire 26% stake in Solaris Horizon Energy

    UltraTech Cement will invest up to ₹27.75 crore to acquire a 26% stake in Solaris Horizon Energy to secure 65 MW of captive solar power for its Chhattisgarh plants.

Sources

autopunditz.com · cargoinsights.co · epcworld.in · m.businesstoday.in