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Deals29 Nov 2024, 08:02 pm

Constronics Infra Ltd Forays into Solar Power Sector with 21 MW Project in Tamil Nadu

AI Summary

Constronics Infra Ltd has announced its intention to foray into the development of Solar Power Projects, with the projects to be domiciled and implemented in one or more subsidiaries. The company has entered into a term sheet with Shimato Enterprises Private Limited for the development and operation and maintenance of a 21 MW solar power project at Virudhunagar, Tamil Nadu. Shimato Enterprises Private Limited, along with its subsidiaries and associates, will be the turnkey contractor responsible for design, supply, installation, and operation and maintenance of the Project including land acquisition.

Key Highlights

  • Constronics Infra Ltd to foray into Solar Power Projects
  • 21 MW solar power project at Virudhunagar, Tamil Nadu
  • Turnkey contractor Shimato Enterprises Private Limited
  • Project includes land acquisition
  • Not a related party transaction
CONSTRONIC
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Constronics Infra Ltd

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