Orient Cement Acquires 9.04% Stake in Vena Energy KN Wind Power

Orient Cement Limited's Board of Directors has approved the acquisition of a 9.04% stake in Vena Energy KN Wind Power Private Limited. The acquisition involves equity shares and cumulative convertible preference shares. Vena Energy operates a 46 MW wind power project in Karnataka and reported a turnover of Rs. 59,85,40,672/- as of March 31, 2025. The primary objective for Orient Cement is to offtake contracted electricity from the project for captive consumption. The acquisition is expected to be completed by August 31, 2026, with a cash consideration of Rs. 12,34,350/-.