India: JK Cement will procure 7MW of power from Mehrauni Electro Power’s 40MW solar project in Prayagraj, Uttar Pradesh under a group captive arrangement. The power will supply JK Cement’s manufacturing operations in Prayagraj. The company has invested US$225,000 to acquire a 9.77% stake in Mehrauni Electro Power, which is a special purpose vehicle of Onward Solar Power. It has acquired 2.1 million equity shares at a face value of around US$0.11 each. JK Cement said that it increased its green power procurement to 51% in the 2025 financial year from 19% in the financial year 2020, with 101.84MW sourced from wind and solar. It currently holds around 274MW of power purchase agreements for renewable energy procurement.
JK Cement to procure solar power from Mehrauni Electro Power project
