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News Orient Cement to acquire 26% stake in AMPSolar Systems

Orient Cement to acquire 26% stake in AMPSolar Systems

Written by Global Cement staff 04 December 2020
  • Print

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
Published in Global Cement News
Tagged under
  • India
  • Orient Cement
  • Acquisition
  • AMPSolar Systems
  • Stake
  • Solar power
  • Maharashtra
  • GCW485
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