Orizon Energia Solar: UltraTech buys 26% stake

What's the deal? UltraTech CementDealroom has a profile for this one. Try Dealroom → will acquire a 26% stake in Orizon Energia SolarDealroom has a profile for this one. Try Dealroom →, a subsidiary of Waaree EnergiesDealroom has a profile for this one. Try Dealroom →, for ₹27.76 crore. The stake will be issued to UltraTech under a deal that secures a long-term energy supply agreement.

What's the endgame? The partnership gives UltraTech captive power through Waaree's solar subsidiary. For Waaree, it locks in a long-term customer for the unit's output.

The signal: The tie-up reflects a broader push among energy-intensive manufacturers to secure captive renewable supply through direct equity stakes in generation assets.

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