JK Lakshmi Cement Increases Solar Procurement to Power its Operations
The company has acquired 26% equity shareholding in Ampin C&I Power Four
October 13, 2025
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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.
Recently, JK Lakshmi Cement announced that it will procure power from a 9.9 MW solar project from a special purpose vehicle of AMPIN Energy Transition (AMPIN).
The cement company entered into a power purchase, share purchase, and shareholders’ agreement with Ampin C&I Power Four, and invested ₹40 million (~$451,024) to acquire 26% equity in the special purpose vehicle.
In its annual report for the financial year (FY) 2025, JK Lakshmi Cement stated that 49% of its power was sourced from renewable sources. Many of these facilities utilizing solar energy are in Rajasthan.
The company has commissioned a 3.75 MW floating solar and an 11.25 MW solar project at the state’s Dalori Mines. It has also commissioned 23.16 MW of installed solar capacity for its Sirohi facility.
In FY 2025, JK Lakshmi Cement’s Udaipur plant commissioned its second floating solar project, with a capacity of 2.75 MW. This commissioning increased the facility’s solar capacity to 18.26 MW.
Its cement plant in Durg, Chhattisgarh, receives solar energy from a newly commissioned 40 MW project.
In Gujarat, the company’s Kalol facility utilizes solar energy from a 500 kW project. Its Surat grinding unit sources solar power from a 2.63 MW captive project.
During FY 2025, JK Lakshmi Cement acquired a 26% equity shareholding in STLC RE to set up a 9 MW solar project.
AMPIN has a renewable energy portfolio of 5 GW spread across 23 states in the country. The portfolio includes solar, wind, and storage projects to provide power to utility and commercial, and industrial customers.
In April, UltraTech Cement, an Aditya Birla Group company, announced it would source renewable energy from AMPIN’s SPV AMPIN C&I Power Eight. The company entered into energy supply, share subscription, and shareholders agreements to acquire a 26% equity share in AMPIN C&I Power Eight, investing ₹255 million (~$2.98 million).
