JK Lakshmi Cement Expands Solar Power Portfolio and Cement Capacity
JK Lakshmi Cement has signed a Power Purchase Agreement with Ampin C&I Power Four Private Limited, acquiring a 26% stake to purchase solar power. The company also commissioned a new grinding unit in Surat with a capacity of 13.50 Lakh Tonnes Per Annum and completed de-bottlenecking at Jaykaypuram, Sirohi. These expansions have increased the company's total cement capacity from 16.50 MTPA to 18.00 MTPA.

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JK Lakshmi Cement Limited, a prominent player in the Indian cement industry, has made significant strides in sustainable energy adoption and production capacity expansion, as revealed in recent corporate disclosures.
Solar Power Agreement and Strategic Investment
JK Lakshmi Cement has entered into a Power Purchase Agreement (PPA) with Ampin C&I Power Four Private Limited, marking a notable move towards renewable energy utilization. As part of this arrangement, the company has also signed a Share Purchase & Shareholders' Agreement, acquiring a 26% equity stake in Ampin C&I Power Four Private Limited.
The agreement facilitates the purchase of solar power under applicable captive power laws, potentially leading to reduced energy costs and a lower carbon footprint for JK Lakshmi Cement's operations. This strategic investment aligns with the growing trend of industrial players seeking sustainable energy solutions to mitigate environmental impact and optimize operational expenses.
Expansion of Cement Production Capacity
In a separate development, JK Lakshmi Cement has announced the commissioning of an additional grinding unit at Surat. The new unit, with a capacity of 13.50 Lakh Tonnes Per Annum, began operations on September 22. Concurrently, the company completed the de-bottlenecking of its cement mills at Jaykaypuram, Sirohi.
These expansions have resulted in a significant boost to JK Lakshmi Cement's total cement capacity, which has increased from 16.50 Million Tonnes Per Annum (MTPA) to 18.00 MTPA. This enhancement in production capabilities positions the company to better meet the growing demand for cement in the country.
Implications for Growth and Sustainability
The dual announcements of renewable energy adoption and production capacity expansion underscore JK Lakshmi Cement's commitment to sustainable growth. By investing in solar power and increasing its manufacturing capabilities, the company is poised to strengthen its market position while adhering to environmentally responsible practices.
These strategic moves are likely to contribute to JK Lakshmi Cement's long-term competitiveness in the cement industry, balancing economic growth with environmental stewardship. As the construction sector continues to evolve, such initiatives may become increasingly crucial for cement manufacturers aiming to meet both market demands and sustainability goals.
Historical Stock Returns for JK Lakshmi Cement
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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-1.34% | -5.12% | -8.24% | +8.06% | +10.35% | +236.15% |