JK Lakshmi Cement Limited — JV/Acquisition, 04-06-2026: Acquisition

JK Lakshmi Cement (JKLC) announced a strategic investment of up to ₹24 Cr to acquire 26% equity in two SPVs, DynoSpark Private Limited and Elevate Solar Energy Private Limited. This move aims to significantly boost renewable energy sourcing for its Udaipur and Durg plants. By setting up new solar power plants with capacities of 25 MW (AC) and 17.14 MW (AC) respectively, JKLC intends to secure captive solar power at competitive rates, thereby reducing operational costs and enhancing its sustainability profile.