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Electrodes & Refractories
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
ORIENTABRA
Electrodes & Refractories
ORIENT ABRASIVES LTD.-$

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