Orient Cement acquires 9.04% stake in Vena Energy for captive power use
ORIENTCEM · price
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On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.4 pts less than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Orient Cement board approved acquiring 9.04% stake in Vena Energy KN Wind Power for Rs 12.34 lakh cash. Target runs a 46 MW wind project in Karnataka; Orient will offtake power for captive use at its cement plants. Deal to close by Aug 31, 2026. Q1 FY27 revenue Rs 604 cr vs Rs 866 cr YoY; PAT Rs 77 cr vs Rs 205 cr YoY.
Step toward captive clean energy for cement ops. Q1 profit fell sharply YoY on weaker revenue. Ambuja merger scheme with 33:100 swap ratio is advancing.