26% stake aligns with long-term renewable energy and cost-efficiency goals.

JK Cement Invests ₹2.81 Crore in Solar-Storage SPV for Rajasthan Project.

JK Cement has invested ₹2.81 crore in Truere Current, acquiring a 26% equity stake as part of its long-term renewable energy strategy. The investment supports a solar power project integrated with a Battery Energy Storage System (BESS) in Rajasthan, linked to a Power Purchase Agreement (PPA) for supplying 40 MWp of solar power to JK Cement’s Gotan plant. According to regulatory filings, Truere Current is a special-purpose vehicle promoted by Oriana Power and is developing the project in Tehsil Bap, District Phalodi. JK Cement subscribed to 21.84 lakh equity shares of face value ₹10 each at a premium of about ₹2.88 per share, aggregating to ₹2,81,45,490, under a Share Subscription and Shareholders’ Agreement. Incorporated on April 15, 2024, Truere Current is based in Gautam Buddha Nagar and reported nil turnover, a net worth of ₹35.93 crore, and a net loss of ₹0.37 crore in FY25. The move reflects the cement industry’s growing shift toward renewable energy and storage solutions to cut costs and meet sustainability targets.