J.K. Cement takes 9.77% stake in 40 MW solar SPV
J.K. Cement Limited has acquired a 9.77% equity stake in Mehrauni Electro Power Private Limited (MEPPL), a special purpose vehicle developing a 40 MW AC solar project in Uttar Pradesh, to support its renewable power procurement strategy. In a regulatory filing dated April 15, 2026, the company said it subscribed to 2.1 million equity shares of Rs 10 each in MEPPL, for a total consideration of Rs 2.10 crore. The investment follows the execution of…