JK Lakshmi Cement, an Indian cement manufacturer, has acquired a 26 per cent stake in Ampin C&I Power Four Private Limited, with an investment of up to Rs 40 million. The solar project has a planned capacity of 9.9 MWp.

Formalised through a Power Purchase Agreement (PPA) and Shareholders’ Agreement, the partnership will enable JK Lakshmi Cement to source solar power under applicable captive power regulations. This move aims to enhance clean energy utilisation, reduce operational costs, and ensure reliable operations.

With its new Surat grinding unit and upgraded mills in Rajasthan, the company’s total installed capacity has risen to 18 million tonnes per annum, boosting operational efficiency and growth potential.

Arun Shukla, President and Director of JK Lakshmi Cement, said, “Our partnership with Ampin C&I Power Four marks a pivotal milestone in our sustainability journey. By integrating renewable energy into our value chain, we are reducing our environmental footprint and optimising long-term energy costs. This investment reflects our commitment to a greener future and creating lasting value for stakeholders.”

In a Q1 FY'26 investors’ call, the management noted that renewable energy currently accounts for 49 per cent of its energy mix, with plans to increase it to 52 per cent this year through expansions in Gujarat and Rajasthan.

The cement sector in India is increasingly integrating green energy to manage high energy consumption. Led by Adani-owned Ambuja Cement, major players are expected to exceed a 50 per cent share of renewable energy in their total energy mix by 2030.