Mumbai, June 11 -- UltraTech Cement has entered into Energy Supply Agreement and

Share Subscription and Shareholders Agreement to acquire 13.99% equity shares of FPEL SERVICES, a company engaged in generation and transmission of renewable energy. The acquisition is for the purposes of meeting the Company's green energy needs, optimising energy cost and comply with regulatory requirements for captive power consumption under electricity laws.

Published by HT Digital Content Services with permission from Capital Market....