JK Lakshmi Cement Limited has informed the Exchange about Announcement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
JKLAKSHMI · price
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Awaiting price reaction for this filing.
JK Lakshmi Cement will acquire a 26% equity stake in Opera Vayu (Narmada) Private Limited, a special purpose vehicle (SPV) set up to build a 4 MWp wind and solar hybrid power project. The investment will be up to ₹4 crore in cash, and the SPV will become an associate company. The move is aimed at sourcing renewable power at competitive rates for 12 years to reduce power costs at the company's plants. The SPV, incorporated in August 2022, has nil turnover and a net worth of ₹77.56 crore. The acquisition is expected to be completed by 31st December 2025 and is not a related party transaction.
This is a small, strategic investment (₹4 crore) aimed at lowering long-term power costs through captive renewable energy. Limited impact on stock price; positive only as a signal of cost-efficiency efforts.