JK Cement Limited has announced plans to procure 7 MW of solar power from a 40 MW solar project being developed by Mehrauni Electro Power in Prayagraj, Uttar Pradesh, as part of its renewable energy strategy.
The procured power will be used at JK Cement’s factory in Prayagraj and will be bought through a group captive arrangement. This will allow the company to get clean energy for its operations while keeping energy costs as low as possible.
Investment in project SPV to secure power supply
To facilitate this arrangement, JK Cement has invested ₹21 million (₹2.1 crore) in Mehrauni Electro Power, which is a special-purpose vehicle (SPV) of Onward Solar Power. Through this investment, the company has acquired a 9.77% equity stake in the SPV.
As part of the transaction, JK Cement subscribed to 2.1 million equity shares, each with a face value of ₹10, aligning with the requirements of the group captive model.
Strengthening renewable energy footprint
The move shows that JK Cement is still focused on using more renewable energy in its business. The company makes sure it can get solar power for a long time by being an equity stakeholder in the project. This also helps clean energy infrastructure grow.
Previous investment in renewable energy
This development follows JK Cement’s earlier investment in the renewable energy sector. In December 2025, the company acquired an additional 12.21% equity stake in O2 Renewable Energy V Private Limited, a special-purpose vehicle of O2 Power, for approximately ₹0.05 billion.
With this transaction, JK Cement’s total holding in the SPV increased to 28.97%, further strengthening its position in renewable energy projects.
Strategic push towards sustainability
The most recent investment and power purchase agreement show that JK Cement wants to use a wider range of energy sources and rely less on traditional ones. The company wants to make its manufacturing operations more energy-efficient and environmentally friendly by using group captive models and strategic equity participation.
With these initiatives, JK Cement continues to align its growth with India’s broader clean energy transition, while ensuring reliable and cost-effective power supply for its industrial operations.
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