The India Cements Limited — JV/Acquisition, 16-03-2026: Acquisition

India Cements Ltd. is acquiring a 10.76% stake in First Energy 8 Private Limited for an equity investment of up to Rs. 18.77 Cr. First Energy 8 is a renewable energy company set to supply 21.835 MW of wind power from its Tamil Nadu project. This strategic acquisition aims to meet India Cements' green energy needs, optimize energy costs, and ensure compliance with captive power consumption regulations. It's a clear step towards enhancing operational efficiency and securing sustainable energy sourcing for the company.