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 for DynoSpark involving a 25 MW (AC) solar plant and BESS at Udaipur, and for Elevate Solar, a 17.14 MW (AC) plant at Durg. The acquisition is expected to be completed by October 31, 2026.