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News Orient Cement agrees to pay more for AMPSolar Systems stake

Orient Cement agrees to pay more for AMPSolar Systems stake

Written by Global Cement staff 02 February 2022
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India: Orient Cement’s board of directors has approved a change to the company’s agreement for the acquisition of a 26% stake in renewables company AMPSolar Systems. Indiainfoline News Service has reported that the producer will now pay US$556,000 for the stake, up by 2.7% from the US$541,000 it previously negotiated in December 2020.

AMPSolar Systems recently commissioned its new 13.5MW solar power plant.

Published in Global Cement News
Tagged under
  • India
  • Orient Cement
  • AMPSolar Systems
  • Acquisition
  • Solar power
  • GCW542

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