JK Lakshmi Cement Invests Up To ₹ 20.50 Crore in Solar Power Vehicle for Sirohi Plant
JK Lakshmi Cement Limited has approved a significant investment into STLC RE 1 Limited, a specialized entity focused on solar power generation. The move is designed to secure renewable energy and reduce operating costs for the company's Integrated Cement Plant located in Sirohi, Rajasthan, under a group captive power route.The Board of Directors considered and sanctioned the acquisition with an outlay of up to ₹ 20.50 Crore. This investment will enable JK Lakshmi Cement to establish a 29MW AC / 42 MWP DC Solar Power Plant, coupled with a 28 MWh Battery Energy Storage System (BESS). The project aims to allow the company to source power at a competitive market rate by acquiring and maintaining a minimum of 26% Equity Shares in STLC.
Details on the Target Entity
The acquisition involves STLC RE 1 Limited, which operates in the Generation and Distribution of Solar Power industry. The transaction is categorized as a related party transaction. A member of the Promoter Group, Sago Trading Limited, holds 100% of the Issued, Subscribed and Paid-up Equity Share Capital of STLC. The company has confirmed that the proposed transaction adheres to an arm's length basis and received approval from its Audit Committee.Key details regarding the target entity and the acquisition are summarized below:
| Particulars | Detail |
|---|---|
| Target Entity Name | STLC RE 1 Ltd. (STLC) |
| Acquisition Cost/Price | Up to ₹ 20.50 Crore |
| Shareholding Acquired | Minimum 26% Equity Shares of STLC |
| Industry | Generation and Distribution of Solar Power |
| Acquisition Timeline | By 31st December 2026 |
Financial Profile of Target Company (FY ended March 31, 2026)
The financial details for STLC provide insight into the specialized nature of its operations.| Metric | Value |
|---|---|
| Turnover | Nil |
| Profit after tax | (₹ 61,808.00) |
| Net worth | ₹ 38,192.00 |
The company plans to proceed with the acquisition via a cash consideration. The objective of this strategic move is driven by continuous efforts by JK Lakshmi Cement to increase renewable power sourcing to reduce operational costs across its various plant locations. STLC was incorporated on March 18, 2025, and operates in India.
JKLAKSHMI Stock Price Movement
JK Lakshmi Cement Limited shares today slipped by 0.16% to settle at ₹571.25, closing slightly weaker than the previous close. The stock saw trading activity of 59,050 shares, having ranged between a low of ₹569.65 and a high of ₹575.85 during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.