
Acquisitions17 Oct 2024, 07:21 pm
Orient Ceratech Ltd. to Invest in Arkati Solar LLP for Solar Power Plant
AI Summary
Orient Ceratech Ltd. has approved an investment of up to 26% in a new Limited Liability Partnership (LLP) named 'Arkati Solar LLP'. The LLP will be established for the establishment of a Solar Power Plant under the Solar PPE Group Captive Model. This investment is expected to provide a sustainable energy solution at a competitive rate, reducing dependence on conventional energy sources and significantly reducing energy expenditures over time. The LLP will be a related party of the Company once incorporated.
Key Highlights
- Orient Ceratech Ltd. to invest in Arkati Solar LLP for Solar Power Plant
- Investment up to 26% of total contribution
- Solar Power Plant under the Solar PPE Group Captive Model
- Expected to provide sustainable energy solution at competitive rate
- 100% Contribution in Cash