JK Cement Share Price in Focus; Acquires 26% Stake in Renewable Energy SPV

J.K. Cement Limited has acquired a 26% stake in Truere Guj SPV Private Limited for ₹4.22 crore, according to a filing dated April 27, 2026.  

The investment was made through the subscription of 32,76,000 equity shares with a face value of ₹10 each, issued at a premium of about ₹2.88 per share.  

The transaction was carried out under a Share Subscription and Shareholders’ Agreement. The company said the information was received on the same day in the afternoon.  

Renewable Project Link 

The investee entity is a special purpose vehicle set up for solar power generation. It is associated with Oriana Power Limited and is developing a solar facility with a planned capacity of 50-70 MWp.  

The project is located in Rajasthan and follows a captive consumption structure. Power generated is expected to be supplied to J.K. Cement’s Nimbahera unit under a power purchase agreement.  

Financial Details of SPV 

The SPV is at an early stage and has not recorded revenue so far. As per data for the year ended March 31, 2025, it reported nil turnover and a net loss of ₹0.48 crore.  

Its net worth stood at ₹69.08 crore. The company was incorporated on January 30, 2024, and has not reported turnover in earlier periods.  

Deal Structure and Terms 

The acquisition was completed through cash consideration. J.K. Cement stated that the transaction does not fall under related party dealings, and no promoter or group entity has any interest in the SPV.  

The company also noted that the transaction was undertaken on an arm’s length basis. No regulatory approvals were required for the investment.  

Read More: JK Cement Share Price in Focus After Preferred Bidder Status for Limestone Mine! 

J.K. Cement Share Price Performance  

As of April 28, 2026, at 2:32 pm, J K Cement Ltd share price was trading at ₹5,444.00, a 2.88% decrease from the previous closing price. 

Conclusion 

The investment gives J.K. Cement a minority holding in a solar project tied to its operations. The SPV remains under development and has yet to begin revenue generation. 

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