Announced Thu, 4 Jun, 2026 · 18:59 IST
JK Lakshmi Cement to acquire 26 percent stakes in two solar SPVs for captive power
JKLAKSHMI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.5%1-day move
₹599.50
prior close
₹608.25
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.7-0.7-0.9-1.6-1.5-1.1-1.5-2.6-1.8+0.4+1.1-3.3-4.8-15.6
Up moveDown movePending
AI summary
JK Lakshmi Cement will acquire 26 percent equity in DynoSpark and Elevate Solar Energy, two solar power SPVs, for up to Rs 24 crore total (Rs 16 Cr plus Rs 8 Cr) in cash. The move aims to set up solar plants for captive power at its Udaipur unit (25 MW AC) and Durg unit (17.14 MW AC), helping reduce power costs. Both deals are expected to complete by 31 October 2026.
Likely market impact
Strategic step to secure cheaper renewable power, likely aiding long-term cost reduction and ESG goals.