India Cements acquires 26% stake in Amplus TN One Energy for ₹14.06 crore
- India Cements acquires 26% equity stake in Amplus TN One Energy for up to ₹14.06 crore
- Deal aims to secure captive renewable power for cement units in Andhra Pradesh and Telangana
- Target SPV developing 41.80 MW solar projects with battery storage integration
- Transaction is cash-based and not a related-party deal
- Completion expected within 180 days of agreement execution
*this image is generated using AI for illustrative purposes only.
India Cements has agreed to acquire a 26% stake in Amplus TN One Energy Private Limited for up to ₹14.06 crore. The transaction, disclosed on September 2, 2026, aims to meet the company’s green energy requirements and optimise energy costs.
Transaction details
The following table summarises the key parameters of the acquisition:
| Parameter | Details |
|---|---|
| Target company | Amplus TN One Energy Private Limited |
| Stake being acquired | 26% |
| Transaction value | Up to ₹14.06 crore |
| Acquirer | India Cements |
| Consideration type | Cash |
| Completion timeline | Within 180 days of agreement execution |
The acquisition involves entering into Power Purchase Agreements and a Share Subscription and Shareholders Agreement. The deal is not a related-party transaction, and the promoter group has no interest in the target entity.
Strategic rationale
Amplus TN One Energy is a special purpose vehicle established for setting up 41.80 MW (AC) solar power projects integrated with Battery Energy Storage Systems (BESS). These projects are designed to supply renewable power on a captive basis to four cement manufacturing units located in Andhra Pradesh and Telangana.
India Cements stated that the move is intended to:
- Meet green energy needs
- Optimise energy costs
- Comply with regulatory requirements for captive power consumption under electricity laws
The target company was incorporated on June 6, 2024, and has reported nil turnover for the last three years. Its registered office is located in Gurugram, Haryana.
Historical Stock Returns for India Cements
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.43% | -1.65% | -9.97% | -11.75% | -6.61% | +103.70% |
How will the integration of 41.80 MW of solar capacity with BESS impact India Cements' long-term energy cost structure compared to grid electricity?
What are the projected timelines for the commissioning of the solar projects in Andhra Pradesh and Telangana, and how might regulatory approvals affect the 180-day completion window?
Could this acquisition signal a broader strategy for India Cements to expand its renewable energy portfolio beyond captive consumption to potential surplus power trading?
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