JK Lakshmi Cement Invests ₹16 Cr in Solar SPVs

JK Lakshmi Cement Ltd announced an investment of up to ₹16 Crore in DynoSpark Private Limited and Elevate Solar Energy Private Limited, acquiring 26% equity in each. These Special Purpose Vehicles (SPVs) will facilitate the purchase of solar power under the captive power route. The investment aims to secure solar power at competitive rates for the company's plant locations, with the project expected to be completed by October 31, 2026. DynoSpark will support a 25 MW solar plant with battery storage at the Udaipur Unit, while Elevate Solar will support a 17.14 MW solar plant at the Durg Unit. This strategic move aligns with the company's objective to increase renewable power sourcing.