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Bharti Airtel has made a strategic move by acquiring a 26% stake in AMP Energy Green Three Pvt. for Rs 38 crore. This acquisition, focused on a 50-MW hybrid wind-solar power plant in Rajasthan, aims to secure renewable energy, reduce operational costs, and comply with regulatory requirements for captive power consumption.
Godawari Power & Ispat (GPIL) has approved the acquisition of a 51% stake in Jammu Pigments Limited (JPL) for Rs 255 crore, marking a strategic move into the non-ferrous metals recycling industry. This acquisition aligns with the company’s goals of portfolio diversification and environmental sustainability, offering significant growth opportunities in the emerging recycling sector.
UltraTech Cement has secured $500 million in a sustainability-linked loan, marking a significant step towards its goal of carbon-neutral concrete by 2050. This financing will fund key projects aimed at reducing carbon emissions and enhancing sustainable practices. Learn more about how this move reinforces UltraTech's commitment to environmental and social governance and its impact on the cement industry.