- JK Cement Limited (NSE: JKCEMENT) acquired 2,184,000 shares of Truere Current Private Limited (TCPL) for a cash outlay of ₹28,100,000, keeping its ownership at 26 % of the renewable‑energy SPV.
- The purchase secures a 40 MWp solar plant in Tehsil Bap, District Phalodi, Rajasthan, plus a Battery Energy Storage System to feed power to JK Cement’s Gotan manufacturing plant.
- Target’s balance sheet shows a net worth of ₹359,300,000, zero turnover and a loss of ‑₹3,700,000, underscoring that the value is strategic rather than earnings‑driven.
- The transaction is a non‑related‑party, non‑arm‑length deal that required no regulatory approvals, indicating a straightforward capital allocation aimed at future energy‑cost savings.
JK Cement’s purchase of a 40 MW solar plant with battery storage is viewed as a strategic step to lower energy costs, likely nudging the share price slightly higher in the short run with modest upside.
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Forecast from comparable, historic events. Not investment advice.
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