Investment21 Dec 2023, 11:46 pm
KSB Ltd to Invest INR 23 Million in Sunsure Solarpark Fifteen Private Limited
AI Summary
KSB Ltd has entered into a power purchase agreement and share subscription and shareholders' agreement to invest INR 23 million in Sunsure Solarpark Fifteen Private Limited for the purpose of solar power captive consumption as per the Electricity Act, 2003. The investment is intended to be completed in tranches within 6 months from the execution of the agreement.,
Key Highlights
- INR 23 million investment in Sunsure Solarpark Fifteen Private Limited
- Power purchase agreement and share subscription and shareholders' agreement
- Solar power captive consumption as per the Electricity Act, 2003
- Tranche-wise completion within 6 months from execution of agreement