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- JK Cement Limited (NSE: JKCEMENT) completed a cash purchase of Mehrauni Electro Power Private Limited (MEPPL) for ₹49.1 million on 29 July 2026.
- The transaction raises JK Cement’s holding to 0.1102 % (up from 0.0729 %) but gives 0 % voting control; it is an arms‑length, non‑related‑party deal.
- The acquisition secures a 40 MW AC solar plant at Bihariya, Prayagraj, to supply clean power to JK Cement’s Prayagraj manufacturing unit under a power purchase agreement, supporting its renewable‑energy strategy.
- Target’s disclosed financials show a ‑₹1.3 million net worth and loss, with ₹0 turnover, reflecting an early‑stage project with no operating revenue yet.
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