JK Cement Invests in Solar Supply for Nimbahera Plant

04 May 2026 CW Team

JK Cement Limited (JK Cement) has secured supply of 70 megawatt (MW) of solar capacity to power its Nimbahera manufacturing facility in Rajasthan through a partnership with Oriana Power Ltd (Oriana Power). The arrangement includes an equity investment of Rs 42.22 mn by JK Cement into a project led by Oriana Power. The company reported the procurement as part of a move to source clean electricity for its operations.

In particular, JK Cement will acquire a 26 per cent stake in a special purpose vehicle (SPV) established to deliver the project under a captive user model in Tehsil Bap in Phalodi. Electricity from the solar installation will be supplied under a power purchase agreement (PPA) to the Nimbahera plant. The captive arrangement is intended to secure long-term supply and manage energy costs for the manufacturing site.

JK Cement described itself as a leading manufacturer of grey cement in India and as one of the leading white cement makers globally, and it said the partnership strengthens its long-term renewable energy strategy. Oriana Power will lead development and implementation of the installation and oversee delivery to the SPV. The move aligns with a broader trend of industrial offtakers pursuing on-site or dedicated renewable supply to reduce reliance on grid power.

The deal illustrates the continued use of corporate power purchase frameworks and equity participation to accelerate project financing and execution. For JK Cement, ownership in the SPV provides an element of control over generation capacity and supports decarbonisation targets at the plant level. The company will receive clean electricity through contractual supply, reinforcing its operational and environmental objectives. The arrangement also supports the plant's resilience to price volatility and contributes to corporate sustainability targets the company has set. The structure can serve as a replicable model for other sites in the group seeking dedicated renewable supply.

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04 May 2026

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