J.K. Cement Limited has officially informed the stock exchanges about its recent investment in the equity share capital of Truere Guj SPV Private Limited. On April 27, 2026, the company subscribed to 32,76,000 equity shares at a price of ₹10 each, with a premium of ₹2.88, totaling an investment of ₹4,22,21,400. This acquisition grants J.K. Cement a 26% stake in the Special Purpose Vehicle (SPV), which was established by Oriana Power Limited.

The primary objective of this investment is to strengthen J.K. Cement’s long-term renewable energy strategy through a Power Purchase Agreement (PPA). The SPV is developing a solar power plant in Rajasthan with a capacity of 50/70 MWp to supply power specifically to the company’s Nimbahera manufacturing plant under a captive user model. This move aligns J.K. Cement with sustainable energy practices while securing a dedicated power source for its industrial operations.

J.K. Cement is a prominent Indian building materials manufacturer specializing in grey and white cement, with a production history dating back to 1975. Recent strategic developments in 2025 and early 2026 include expanding grey cement capacity to 32.26 MnTPA and being declared the preferred bidder for the Maliyakheri and Karunda limestone blocks in Rajasthan to secure raw material supplies. The company also recently launched LC-3 (Portland Calcined Clay Limestone Cement) as part of its commitment to sustainable construction.

For the quarter ended December 31, 2025, J.K. Cement reported consolidated revenue of ₹3,463.07 Crores, representing an 18.18% year-on-year increase from ₹2,930.28 Crores. However, consolidated net profit (PAT) for the same period decreased by 7.91% to ₹174.63 Crores compared to ₹189.62 Crores in the previous year’s corresponding quarter. The company’s promoter holding remains stable at 45.66%, with significant institutional backing from investors such as Kotak Small Cap Fund and various Fidelity advisor series funds.