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India Cements gains on inking pact to acquire 10.76% stake in First Energy 8

Cost of acquisition is around Rs 18.77 crore

India Cements is currently trading at Rs. 357.15, up by 1.90 points or 0.53% from its previous closing of Rs. 355.25 on the BSE.

The scrip opened at Rs. 355.30 and has touched a high and low of Rs. 363.95 and Rs. 352.80 respectively. So far 9893 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 489.65 on 19-Jan-2026 and a 52 week low of Rs. 252.55 on 07-Apr-2025.

Last one week high and low of the scrip stood at Rs. 376.75 and Rs. 345.00 respectively. The current market cap of the company is Rs. 11067.98 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 16.21% and 8.80% respectively.

The India Cements has entered into Captive Power Agreement and Share Subscription and Shareholders Agreement to acquire 10.76% equity shares of First Energy 8, 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. 

The said acquisition is expected to be completed within 180 days from the execution of Captive Power Agreement and Share Subscription and Shareholders Agreement. Cost of acquisition is around Rs 18.77 crore. 

The India Cements is engaged in the manufacture of products that will enable the customer to build structures which are durable, cost effective and conducive for human life style.