Acquisitions22 Sept 2025, 06:15 pm
JK Lakshmi Cement Acquires 26% Stake in Ampin C&l Power Four Private Limited
AI Summary
JK Lakshmi Cement Ltd has announced that it has entered into a Power Purchase Agreement and Share Purchase & Shareholders’ Agreement with Ampin C&l Power Four Private Limited. This agreement is for the purchase of solar power under the applicable captive power laws. In connection with this, the company has acquired 26% equity shareholding in the said company.
Key Highlights
- JK Lakshmi Cement has entered into a Power Purchase Agreement with Ampin C&l Power Four Private Limited.
- The agreement is for the purchase of solar power under the applicable captive power laws.
- JK Lakshmi Cement has acquired 26% equity shareholding in Ampin C&l Power Four Private Limited.
- This move is in line with the company's commitment to renewable energy sources.
- The agreement is expected to contribute to the company's sustainability goals.