This is to inform you that the Board of Directors of JSW Cement Limited has, in its meeting held today i.e. on Friday, 7th November, 2025, inter alia considered and accorded its approval for entering into a Power Purchase Agreement with JSW Green Energy Fifteen Limited for purchase of solar power from captive solar energy power plant and in this connection the Company will be subscribing to 26% equity stake in JSW Green Energy Fifteen Limited. The meeting of the Board commenced at 3.00 p.m. and concluded at 6.45 p.m.
JSWCEMENT · price
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JSW Cement's Board, at its meeting on November 7, 2025, approved entering into a Power Purchase Agreement (PPA) with JSW Green Energy Fifteen Limited to buy solar power from a captive solar energy power plant. To support this arrangement, the company will subscribe to a 26% equity stake in JSW Green Energy Fifteen Limited. The transaction is with a fellow JSW Group entity, making it a related-party deal. While exact financial terms were not disclosed, the move is aimed at securing long-term, captive renewable energy for the company's operations.
This is a positive step towards reducing energy costs and carbon footprint for JSW Cement by locking in captive solar power. The 26% minority stake keeps capital exposure limited while securing the supply, though investors should note it is a related-party transaction that may require shareholder approvals.