PG Electroplast to acquire additional stake in solar power project

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PG Electroplast Limited on May 03, 2022 have entered into an Amendment Agreement with Solarstream Renewable Services Private Limited (Target Company) to additionally acquire 5.1% equity of the Target Company aggregating to 15.2% equity, for solar power generated at the Solar Power Plant to meet the electricity requirement for the Company’s manufacturing plants located at Greater Noida, Uttar Pradesh in terms of the (Indian) Electricity Act, 2013.

The company will additionally purchase 1.04 MW / 1.55 MWp Solar Power aggregating to 3.10 MW / 4.65 MWp Solar Power generated at the Solar Power Plant.