India: UltraTech Cement plans to acquire a 26% stake in O2 Renewable Energy for around US$2m. It is making the purchase to support the energy requirements of its plants from renewable sources, according to the Times of India newspaper. O2 Renewable Energy is currently building a solar power plant in Karnataka that is expected to generate 35 – 48MW.
UltraTech to buy a minority stake in O2 Renewable Energy
URL: https://www.globalcement.com/news/item/17170-ultratech-to-buy-a-minority-stake-in-o2-renewable-energy
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