JK Cement will procure 7 MW of power from Mehrauni Electro Power’s 40 MW solar power project in Prayagraj, Uttar Pradesh, under a group captive arrangement.

The procured power will be used for the operations of JK Cement’s manufacturing facility in Prayagraj.

The company has invested ₹21 million (~$252,009) in Mehrauni Electro Power, a special-purpose vehicle (SPV) of Onward Solar Power, to acquire a 9.77% stake.

JK Cement has acquired 2.1 million equity shares at a face value of ₹10 (~$0.107) each.

In the financial year (FY) 2025, JK Cement raised its green power procurement to 51% from 19% in FY 2020, with 101.84 MW coming from wind and solar projects.

Currently, JK Cement has around 274 MW of power purchase agreements assigned for the procurement of wind and solar projects.

In FY 2025, the company procured 2.75 million GJ of renewable energy, and 173,822 GJ from wind and solar projects.

The green power procurement strategy in FY 2025 included 4% from a captive arrangement and 11.6% from purchased renewable energy.

The company has also proposed adding 166 MW of green power in the coming years. It has set a target of increasing its green power procurement to 75% by FY 2030.

The company’s Muddapur plant in Karnataka operated with over 99% green power during FY 2025.

Recently, JK Cement made a further investment in O2 Renewable Energy V, a SPV of O2 Power, to increase its shareholding in a 22 MW group captive wind power project in Kudligi Taluk, Bellary, Karnataka. The company acquired 4,645,658 equity shares from JSW Neo Energy, representing a 12.21% stake in the SPV, for a total cash consideration of ₹51.93 million (~$577,706).

According to Mercom’s Q4 & Annual 2025 India Solar Open Access Market Report, India added 7.8 GW of solar open access capacity in 2025, a largely flat 0.5% year-over-year growth from 7.7 GW. India’s cumulative installed solar open access capacity grew to over 30 GW as of December 2025.