JK Cement has made an funding within the fairness share capital of Mehrauni Electro Energy (the SPV). The corporate has subscribed to 21,00,000 fairness shares of face worth Rs 10 aggregating to Rs 2.10 crore, representing 9.77% of the fairness share capital of SPV. This funding is pursuant to the Energy Buy Settlement (PPA)/ Shareholder Subscription Settlement and strengthens the corporate’s long run renewable vitality technique.
Mehrauni Electro Energy is a particular objective car established by the Onward Photo voltaic Energy, which is at present establishing a facility with 40 MW AC capability solar energy plant in Uttar Pradesh. This mission as per PPA with Mehrauni Electro Energy and Onward Photo voltaic for supplying 7 MWp solar energy to the corporate’s Prayagraj plant.
JK Cement is without doubt one of the largest cement producers in north India. It is usually second largest producer of white cement in India. The corporate exports white cement to nations like South Africa, Nigeria, Singapore, Bahrain, Bangladesh, Sri Lanka, Tanzania, UAE and Nepal.
