India: JK Lakshmi Cement has concluded a deal to acquire a 21% stake in solar power plant engineering company Amplus Helios. Amplus Helios was founded as a special purpose vehicle for the construction of a 50MW captive solar power plant at JK Lakshmi Cement’s 1.7Mt/yr Durg cement plant in Chhattisgarh. The Free Press Journal has reported that the solar power plant will cost US$26m.
JK Lakshmi Cement to acquire 21% stake in Amplus Helios
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URL: https://globalcement.com/news/item/16322-jk-lakshmi-cement-to-acquire-21-stake-in-amplus-helios
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