JK Lakshmi Cement Limited — JV/Acquisition, 05-08-2026: Acquisition

JK Lakshmi Cement is investing up to ₹20.50 Cr in STLC RE 1 Limited, acquiring a minimum 26% stake. This strategic move aims to establish a 29MW AC / 42 MWP DC Solar Power Plant with a 28 MWh Battery Energy Storage System at JKLC's Sirohi plant. The acquisition is designed to secure renewable power, significantly reduce operational costs, and ensure competitive electricity rates, boosting the company's energy independence and sustainability.