Orient Cement to acquire 26% stake in AMPSolar Systems

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India: Orient Cement has entered into a share purchase, subscription and shareholder’s agreement with AMPTechnology and AMPSolar Systems. It will acquire a 26% stake in the latter for around US$0.6m. The Press Trust of India has reported that AMPSolar Systems is establishing a 13.5MW solar power plant in Maharashtra, where Orient Cement operates an integrated cement plant.

Last modified on 09 December 2020

URL: https://globalcement.com/news/item/11694-orient-cement-to-acquire-26-stake-in-ampsolar-systems

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