JK Cement has planned to acquire equity shares of the four companies (SPVs) under the Captive Power Plant Model. The company proposes to acquire 26% Paid-up Equity Shares of Nay Energy, 34.91% in Fourth Partner Energy, 26% in CleanMax Matahari and 42% in O2 Renewable Energy V. The Renewable Power generated by SPVs will be sourced by the Company for its Captive Consumption.
JK Cement is one of the largest cement manufacturers in north India. It is also second largest producer of white cement in India. The company exports white cement to countries like South Africa, Nigeria, Singapore, Bahrain, Bangladesh, Sri Lanka, Tanzania, UAE and Nepal.
