Orient Cement Acquires 9.04% Stake in Vena Energy KN Wind Power for ₹12.34 Lakh
Orient Cement's Board approved Q1 FY27 results and the acquisition of 9.04% in Vena Energy KN Wind Power for ₹12.34 lakh. Vena operates a 46 MW wind project in Karnataka. The acquisition aims to secure electricity offtake under a captive consumption framework and is expected by August 31, 2026.
The acquisition of a minority stake in a renewable energy project is a strategic move that could benefit the company's operational costs and ESG profile, but the financial consideration is relatively small compared to the company's overall scale.
The company has approved its quarterly results and is undertaking a strategic acquisition in the renewable energy sector, which is positive for future growth and operational efficiency.
Orient Cement Limited announced the outcome of its Board Meeting held on July 23, 2026. The Board approved the unaudited financial results for the quarter ended June 30, 2026. The company also approved the acquisition of a 9.04% stake in Vena Energy KN Wind Power Private Limited (VENA).
VENA is engaged in renewable energy generation and operates a 46 MW wind power project in Karnataka. Its turnover for the financial year ended March 31, 2025, was ₹59.85 crore (59,85,40,672). The acquisition involves purchasing 25,665 equity shares and 9,777 cumulative convertible preference shares.
The object of the acquisition is for Orient Cement to offtake the contracted quantity of electricity generated from VENA's project under the captive consumption framework. The acquisition is expected to be completed on or before August 31, 2026, with a cash consideration of ₹12.34 lakh (12,34,350).
The Board meeting commenced at 5:00 p.m. and concluded at 6:00 p.m. The financial results and acquisition details are available on the company's website.
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