JK Lakshmi Cement to Invest Up to ₹24 Cr in Solar SPVs

Key Highlights • To acquire a 26% stake in DynoSpark and Elevate Solar Energy • Total investment of up to ₹24 Cr through cash consideration • Investment aimed at securing captive solar power for the Udaipur and Durg cement plants Project Details • DynoSpark project includes a 25 MW AC solar plant with a 20 MWh Battery Energy Storage System (BESS) • Elevate Solar project includes a 17.14 MW AC solar power plant for the Durg unit What It Means • Expected to reduce long-term energy costs • Increases renewable energy usage across operations • Supports sustainability and decarbonization goals • Improves energy security through captive power generation Learning Outcome For energy-intensive industries like cement, captive renewable power projects can lower operating costs, improve margin stability, and support ESG initiatives.