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JK Lakshmi Cement invests up to Rs 20.50 crore in STLC RE 1 Limited for solar power
05-Aug-2026, 05:54
JK Lakshmi Cement Limited announced that its board approved an investment of up to Rs 20.50 crore in equity shares of STLC RE 1 Limited, a Special Purpose Vehicle, to purchase solar power under a group captive power route. The investment will enable JK Lakshmi Cement to establish a 29MW AC / 42 MWP DC Solar Power Plant with a 28 MWh Battery Energy Storage System at its Sirohi, Rajasthan, integrated cement plant, acquiring a minimum 26% equity stake in STLC, incorporated on March 18, 2025. Sago Trading Limited, a member of the promoter group of JK Lakshmi Cement, holds 100% of the equity share capital of STLC, and the transaction will be conducted at arm’s length.
JK Lakshmi Cement Limited announced that its board approved an investment of up to Rs 20.50 crore in equity shares of STLC RE 1 Limited, a Special Purpose Vehicle, to purchase solar power under a group captive power route. The investment will enable JK Lakshmi Cement to establish a 29MW AC / 42 MWP DC Solar Power Plant with a 28 MWh Battery Energy Storage System at its Sirohi, Rajasthan, integrated cement plant, acquiring a minimum 26% equity stake in STLC, incorporated on March 18, 2025. Sago Trading Limited, a member of the promoter group of JK Lakshmi Cement, holds 100% of the equity share capital of STLC, and the transaction will be conducted at arm’s length.