JK Cement Invests ₹4.9 Cr in Mehrauni Electro Power

JK Cement Limited announced a further investment of ₹4.91 crore in the equity share capital of Mehrauni Electro Power Private Limited (SPV). This investment involves subscribing to 49,08,750 equity shares at a face value of ₹10 each, increasing JK Cement's stake to 18.31% post-allotment. The SPV is involved in setting up a 40 MW solar power plant under a Group Captive model. This move aligns with JK Cement's long-term renewable energy strategy and is pursuant to a Power Purchase Agreement and Shareholder Subscription Agreement. The transaction is at arm's length and does not involve related parties.