JK Cement has invested ₹2.81 crore in Truere Current, acquiring a 26% equity stake as part of its long-term renewable energy and cost-efficiency strategy. The investment supports the development of a solar power project integrated with a Battery Energy Storage System (BESS) in Rajasthan.

The solar-storage project is linked to a Power Purchase Agreement (PPA) for supplying 40 MWp of renewable power to JK Cement’s Gotan plant, helping the company optimise energy costs and strengthen sustainability initiatives across its manufacturing operations.

According to regulatory filings, Truere Current is a special-purpose vehicle promoted by Oriana Power and is developing the project in Tehsil Bap, District Phalodi, Rajasthan. JK Cement subscribed to 21.84 lakh equity shares with a face value of ₹10 each at a premium of around ₹2.88 per share, aggregating to ₹2,81,45,490 under a Share Subscription and Shareholders’ Agreement.

Incorporated on April 15, 2024, Truere Current is headquartered in Gautam Buddha Nagar. The company reported nil turnover, a net worth of ₹35.93 crore, and a net loss of ₹0.37 crore in FY25.

The investment reflects a broader trend within India’s cement industry, where companies are increasingly adopting renewable energy and energy storage systems to reduce electricity costs, improve energy security, and meet sustainability and decarbonisation targets.

By integrating solar generation with battery storage, JK Cement aims to enhance operational efficiency and reduce reliance on conventional grid power, aligning with the sector’s growing focus on cleaner and more resilient energy infrastructure.