J. K. Cement Limited has officially announced an investment in the equity share capital of Mehrauni Electro Power Private Limited (MEPPL), a special purpose vehicle (SPV). This strategic move involves the subscription of 21,00,000 equity shares at a face value of Rs. 10 each, totaling an investment of Rs. 2.10 Crores. This acquisition represents a 9.77% equity stake in the SPV and was carried out through a Share Subscription and Shareholders’ Agreement (SSHA).

The investment is a direct outcome of a Power Purchase Agreement (PPA) intended to supply 7 MWp of solar power to JK Cement’s Prayagraj plant. Mehrauni Electro Power Private Limited, established by Onward Solar Power Private Limited, is currently developing a 40 MW AC capacity solar power plant in the Prayagraj District of Uttar Pradesh under a Group Captive model. This transaction, conducted at arm’s length, aligns with the company’s long-term strategy to integrate renewable energy into its manufacturing operations.

J. K. Cement Limited is a leading manufacturer of grey cement and one of the largest white cement producers globally. The company operates several manufacturing units across India, including sites in Rajasthan, Karnataka, Madhya Pradesh, Uttar Pradesh, and Gujarat, as well as an international presence in Fujairah. In 2025, the company continued its expansion path, notably progressing with the amalgamation of Toshali Cements Private Limited to further strengthen its regional market share.

In its most recent quarterly financial results for the period ending December 31, 2025 (Q3 FY 2025-26), JK Cement reported a robust revenue jump of 17.93% year-on-year, reaching Rs. 3,509 Crores. However, net profit for the same period saw a decline of approximately 7.91% year-on-year, settling at Rs. 174.63 Crores due to rising expenses and margin pressures. The company maintains a strong institutional backing, with Mutual Funds holding approximately 20.43% and Foreign Institutional Investors (FIIs) holding 17.89% as of December 2025.