Brief: Orient Cement Says MoU With Adani Power Maharashtra Terminated

Orient Cement

22/02/2023 11:16

Feb 22 (Reuters) - Orient Cement Ltd  ORCE.NS :
    * ORIENT CEMENT LTD -  ENTERED INTO A NON-BINDING MOU WITH
ADANI
POWER MAHARASHTRA
    * ORIENT CEMENT LTD - APML HAS REQUESTED COMPANY TO NOT TO
PURSUE
VENTURE FURTHER
    * ORIENT CEMENT LTD - APML NOT ABLE TO OBTAIN REQUIRED
CLEARANCES
FOR SUB-LEASING PARCEL OF LAND REQUIRED DUE TO SOME LEGAL ISSUES
    * ORIENT CEMENT LTD - TIMELINES AS PER MOU HAVE CROSSED
    * ORIENT CEMENT LTD - NON-BINDING MOU STANDS TERMINATED

Source text for Eikon:  ID:nBSE9BmBjx 
Further company coverage:  ORCE.NS 
 ((Reuters.Briefs@thomsonreuters.com;;))