JK Cement will procure power from a 70 MW solar project for its Nimbahera facility in Rajasthan by acquiring a 26% equity stake in Truere Guj, a special purpose vehicle (SPV) of Oriana Power, under a captive user model.

The company has subscribed to 3.276 million equity shares at a face value of ₹10 (~$0.106) each, with a premium of about ₹2.88 (~$0.031) per share. The investment aggregates to ₹42.22 million (~$448,000).

The investment is part of JK Cement’s renewable energy strategy to increase green power use and reduce its dependence on fossil fuels.

Companies in India’s hard-to-abate cement sector are increasingly turning to solar and other renewable energy sources as part of their decarbonization and net-zero initiatives. JK Cement

The company had a total green power capacity of 253.74 MW as of FY 2025, including 171.44 MW from captive solar and wind sources and 82.3 MW from waste heat recovery systems. Renewable energy accounted for about 52% of its power mix during the year. The company targets increasing this share to 75% by FY 2030.

Its renewable energy capacity exceeds its 77.5 MW of coal-based captive power capacity.

In FY 2025, the company’s Muddapur plant operated on 99% green energy in Bagalkot district, Karnataka.

In its FY 2025 annual report, JK Cement said its renewable purchase obligation mandates require it to source a defined share of energy from renewables, supporting national energy goals.

Earlier this year, the company announced that it would 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 to operate JK Cement’s manufacturing facility in Prayagraj.

Last December, 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.