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.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..