JK Cement signs MoU with PRESPL

JK Cement has signed a Memorandum of Understanding (MoU) with Punjab Renewable Energy Systems Private Limited (PRESPL), a biomass aggregation and densification company with forward integrated value chain.

The MoU, valid for 10 years, is part of JK Cement’s endeavour to decarbonise its operations and aims to scale up the use of biomass-based and alternate fuels as a replacement to fossil fuel like coal in its manufacturing operations, said a press release.

Raghavpat Singhania, Managing Director, JK Cement Ltd, said, “As we embark on our journey towards decarbonisation, we commit to this MoU that allows building deeper synergies between us and PRESPL in the bio-energy sector.”

Monish Ahuja, Chairman & Managing Director, PRESPL, said, “Our collaboration in the biomass-based bio-Energy sector with JK Cement Ltd heralds a beginning of an ‘energy transition sojourn’ that will ensure better environment and usher in more eco-friendly energy solutions in the market.”