JK Lakshmi Cement will acquire 21% stake in solar company Amplus Helios

JK Lakshmi Cement, a cement producer, stated on Monday, September 18, that it will invest Rs 21.60 crore in acquiring a 20.80 percent share in Amplus Helios Private Ltd (AHPL).

 

This strategic investment is a part of JK Lakshmi Cement's aim to use a captive power plant model to secure a reliable supply of 40 MWAC (mega-watt alternating current) solar power for its Durg unit.

 

In the Mungeli district of Chhattisgarh, at P.O. Chakarbhatha, Amplus Helios is working diligently to build a 50 MWAC solar power plant.

 

JK Lakshmi Cement will have exclusive access to 80 percent, or 40 MWAC, of this total capacity for its captive consumption. As part of the arrangement, the remaining 10 MWAC (20% of the capacity) will be supplied to other private organizations.

 

On January 7, 2022, AHPL was incorporated The AHPL generated a total income of Rs 14.50 lakh from January 7, 2022 (the date of incorporation), to December 31, 2022.

Top stories
Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read . 02 Aug 2024 . 12:45 PM

Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read . 02 Aug 2024 . 12:41 PM

Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read . 02 Aug 2024 . 12:36 PM

Related Blogs
blog-logo

Candlestick Patterns

blog-logo

11 mins read . 03 Oct 2024

Ascending Triangle Pattern - Definition, Tips, Component & How to Trade

  • 0 people read
blog-logo

IPO

blog-logo

5 mins read . 19 Sep 2024

Vision Infra Equipment Solutions Limited IPO

  • 0 people read
Kickstart your equities journey today You've got this
By submitting this I agree to the terms & conditions