India Cements to Acquire 26% of Amplus TN One Energy for Rs. 14,06,27,240/-
M&A
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MEDIUM RISK
📅 Filed on BSE: 02 Sep 2026, 05:44 PM IST · BSE ID: 953f1373-8881-4c23-aebf-fbe0feb1d39d
View Original BSE Filing (PDF)
💡
In Simple Terms
India Cements is investing upto Rs. 14.06 Crore to buy a 26% stake in a solar energy company to power its cement factories.
🤖 AI Summary
- India Cements to acquire 26% equity share capital of Amplus TN One Energy Private Limited.
- Equity investment of upto Rs. 14,06,27,240/- as cash consideration for the acquisition.
- Amplus TN One Energy is an SPV for 41.80 MW (AC) solar power projects for captive use.
- Acquisition aims to meet green energy needs, optimize energy costs, and comply with regulations.
- Completion anticipated within 180 days from execution of agreements; not a related party transaction.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Cost of Acquisition
Rs. 14,06,27,240/-
Percentage of Shareholding Acquired
26%
Solar Power Project Capacity
41.80 MW (AC)
🏢 How This Affects the Company
This acquisition integrates renewable energy generation into India Cements' operations, supporting its four cement manufacturing units in Andhra Pradesh and Telangana. It aligns with the objective of meeting green energy needs and ensuring captive power consumption.
The company will incur an equity investment of upto Rs. 14,06,27,240/- in cash. This investment is intended to optimize energy costs over time through captive solar power consumption.
India Cements will gain a 26% stake in a special purpose vehicle developing 41.80 MW (AC) solar power projects. This provides a direct operational link to renewable energy generation for its cement units.
The acquisition mitigates reliance on traditional energy sources for 26% of specific energy requirements, addressing regulatory compliance for captive power consumption. The target entity was incorporated on June 6, 2024, and has Nil turnover in the last three years.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders.
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Who Is Affected
Existing shareholders will see their company utilize capital for strategic green energy investment, which could influence future operational costs. The company will deploy upto Rs. 14,06,27,240/- in cash for this acquisition.
🔍
Management Signal
Management is signaling a commitment to green energy integration, energy cost optimization, and compliance with electricity laws through captive power projects.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Progress on Amplus TN One Energy project completion within 180 days.
Future disclosures on energy cost savings from captive solar power projects.
Q3 FY27 results — look for details on capital expenditure related to this acquisition.
MEDIUM RISK
The target entity is a newly incorporated SPV with no historical turnover, introducing execution and operational ramp-up risks.
💡 Investor Takeaway
India Cements is making a cash equity investment of upto Rs. 14,06,27,240/- to acquire 26% of Amplus TN One Energy Private Limited. This strategic move aims to secure 41.80 MW (AC) solar power for captive use, targeting green energy needs and cost optimization. The acquisition is not a related party transaction.
⚖️ Strengths & Concerns
✅ Positives
- Acquisition aims to meet green energy needs and optimize energy costs for four cement manufacturing units.
- Investment helps comply with regulatory requirements for captive power consumption under electricity laws.
⚠️ Concerns
- Amplus TN One Energy Private Limited was incorporated on June 6, 2024, indicating no operational history for financial assessment.
- The target entity reported Nil turnover for the last three years, providing no historical revenue data.
📅 Company Track Record
India Cements has previously engaged in strategic acquisitions and mergers. On June 10, 2026, it acquired 12.48% of FPEL SERVICES PRIVATE LIMITED for Rs. 10,78,00,000/- for green energy. On March 28, 2026, the company completed the merger of four subsidiaries, sanctioned by NCLT.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What percentage of Amplus TN One Energy Private Limited is India Cements acquiring?
India Cements is acquiring 26% of the equity share capital of Amplus TN One Energy Private Limited.
What is the cost of India Cements' acquisition of Amplus TN One Energy?
The cost of acquisition for India Cements is an equity investment of upto Rs. 14,06,27,240/-.
What is the purpose of India Cements acquiring a stake in Amplus TN One Energy?
The acquisition is for meeting India Cements' green energy needs, optimizing energy costs, and complying with regulatory requirements for captive power consumption.
When was Amplus TN One Energy Private Limited incorporated?
Amplus TN One Energy Private Limited was incorporated on June 6, 2024.
What is the indicative time period for completing the acquisition?
The indicative time period for completion of the acquisition is within 180 days from the execution of Power Purchase Agreements and Share Subscription and Shareholders Agreement.
Questions based on this BSE filing only. For information purposes.