J.K. Cement acquires 26% stake in Truere Guj SPV Private Limited to secure 70 MW solar power supply for Nimbahera plant

Type: Investment · Technology: Solar · Country: India · Capacity: 70 MW · Value: INR 0.51M · Announced: 2026-04-29

J.K. Cement Limited completed an investment to acquire a 26% stake in Truere Guj SPV Private Limited, a renewable energy special purpose vehicle (SPV) focused on developing solar projects in India. The transaction involved an equity infusion of ₹4.22 crore (approximately $500,000) to fund the SPV's renewable energy initiatives. Truere Guj SPV Private Limited will supply 70 MWp of solar power to J.K. Cement's Nimbahera plant in Rajasthan, directly supporting the company's clean energy and sustainability objectives. The agreement ensures a long-term renewable energy supply for J.K. Cement's manufacturing operations, reducing its carbon footprint and operational costs. This deal aligns with J.K. Cement's broader strategy to enhance clean energy adoption across its facilities, following its recent expansion into renewable energy investments. No advisory firms or legal counsel were mentioned in the transaction details.

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