Orbit Exports Ltd to Acquire 26% Stake in K&H Constructions for 2MW Solar Captive Generating Plant

Orbit Exports Ltd has entered into a Share Subscription Cum Shareholder's Agreement to acquire 26% of the share capital of K&H Construction Private Limited. This agreement is for the development of a 2MW Solar Captive Generating Plant as a Special Purpose Vehicle in the south Gujrat region. The entire power generated from the SPV will be captively consumed. The cost of acquisition is up to Rs. 75 Lakhs. The SPV, K&H Constructions Private Limited, was incorporated in India on June 06, 2011, and has a turnover of nil.