JK Lakshmi Cement Invests in Green Energy with STLC RE Stake

JK Lakshmi Cement is set to acquire a 26% equity stake in STLC RE Ltd. for ₹3.50 crore, signaling a strategic move towards sustainable energy. This investment will support STLC in developing a 9MW solar power project, ensuring cost-effective solar energy for JK Lakshmi Cement over the next 25 years. The acquisition, expected to be completed by June 30, 2025, will make STLC RE an associate company of JK Lakshmi Cement. This move reinforces JK Lakshmi Cement's commitment to renewable energy and long-term operational efficiency.

 

Source: Business Upturn