J.K. Cement Limited has announced a strategic investment of Rs. 2.81 crore to acquire a 26% stake in Truere Current Private Limited (TCPL). This partnership aims to bolster the company’s long-term renewable energy strategy through a dedicated solar power project. The initiative will supply 40 MWp of solar energy to the company’s Gotan plant, supporting sustainable manufacturing efforts and efficient energy management through advanced storage technology.
Strategic Energy Partnership
On April 29, 2026, J.K. Cement Limited formalised its entry into a renewable energy venture by subscribing to 21,84,000 equity shares of Truere Current Private Limited. The investment, valued at Rs. 2,81,45,490, represents a 26% ownership stake in the special purpose vehicle (SPV), confirming the company’s commitment to transitioning its operations toward greener energy sources.
Project Details and Objectives
The collaboration is centered on a significant infrastructure project located in Tehsil Bap, District Phalodi, Rajasthan. TCPL is currently developing a 40 MWp solar power plant designed to power J.K. Cement’s Gotan manufacturing unit. A core feature of this installation is the integration of a Battery Energy Storage System (BESS), which will allow the company to manage surplus power efficiently and ensure a stable, renewable energy supply.
Context of the Acquisition
TCPL, incorporated on April 15, 2024, serves as a dedicated vehicle established by Oriana Power Limited to execute this sustainable energy mandate. This investment is part of a broader Power Purchase Agreement (PPA) between the entities, designed to align the company’s long-term operational needs with renewable targets, significantly reducing the carbon footprint of its core cement production activities.
Source: BSE
