Investment29 Apr 2026, 04:41 pm
JK Cement Invests ₹2.81 Cr for 26% Stake in Renewable Energy SPV
AI Summary
JK Cement Ltd has invested ₹2.81 crore by subscribing to 21,84,000 equity shares in Truere Current Private Limited (TCPL), a special purpose vehicle (SPV). This investment represents a 26% stake in TCPL. TCPL, incorporated in April 2024 by Oriana Power Limited, operates in the renewable energy sector, focusing on setting up, generating, and distributing power from renewable plants. The investment is strategic, aiming to strengthen JK Cement's long-term renewable energy strategy and secure 40 MWp solar power for its Gotan plant, including a Battery Energy Storage System. The transaction is not a related party deal and was done at arm's length. As of March 31, 2025, TCPL reported NIL turnover and a PAT of -₹37.14 crore.
Key Highlights
- JK Cement invested ₹2.81 Cr in Truere Current Pvt Ltd.
- Acquired 26% equity stake in the renewable energy SPV.
- Investment supports JK Cement's long-term renewable energy strategy.
- SPV to supply 40 MWp solar power to JK Cement's Gotan plant.
- Transaction is at arm's length and not a related party deal.