JK Cement will procure 7 MW of power from Mehrauni Electro Power’s 40 MW solar power project in Prayagraj, Uttar Pradesh, under a group captive arrangement. The procured power will be used for the operations of JK Cement’s manufacturing facility in Prayagraj. The company has invested ₹21 million (~$252,009) in Mehrauni Electro Power, a special-purpose vehicle (SPV) of Onward Solar Power, to acquire a 9.77% stake.
