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, made by subscribing to 49,08,750 equity shares at ₹10 each, will represent 18.31% of the SPV's equity post-allotment. The transaction is governed by a Second Supplementary Shareholders’ Agreement and aligns with JK Cement's long-term renewable energy strategy, strengthening its commitment to renewable energy generation and distribution. The SPV is establishing a 40 MW solar power plant in Uttar Pradesh. This investment is not a related party transaction and is conducted at arm's length.