Orient Cement agrees to pay more for AMPSolar Systems stake

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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.

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URL: https://www.globalcement.com/news/item/13624-orient-cement-agrees-to-pay-more-for-ampsolar-systems-stake

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