JK Cement Limited — JV/Acquisition, 29-07-2026: Acquisition

J. K. Cement is investing an additional ₹4.91 Cr in Mehrauni Electro Power Private Limited (MEPPL) for an 18.31% equity stake. This move reinforces JK Cement's long-term renewable energy strategy. MEPPL is developing a 40 MW AC solar power plant in Uttar Pradesh under a group captive model. This investment aims to secure solar power supply for JK Cement's Prayagraj plant, enhancing operational efficiency and promoting green energy adoption. The SPV currently has negligible financial metrics, indicating a project-specific investment.