Brief: Vardhman Special Steels Approves Agreement To Be Entered By Co With Asg Holdco Beta Pte. And Sone Solar

Vardhman Special Steels

06/12/2023 07:15

Dec 6 (Reuters) - Vardhman Special Steels Ltd  VARM.NS :
    * APPROVED AGREEMENT TO BE ENTERED BY CO WITH ASG HOLDCO
BETA PTE.
AND SONE SOLAR
    * AGREEMENT ALONGWITH A POWER SUPPLY  AND OFFTAKE AGREEMENT
TO BE
ENTERED BY CO WITH SONE SOLAR
    * PURPOSE OF ENTERING INTO AGREEMENT IS  TO SET-UP A 55 MW
DC
SOLAR CAPACITY IN PUNJAB
    * EQUITY CAPITAL OF SONE SOLAR WILL BE 719.2 MILLION RUPEES
    * CONTRIBUTION OF CO WILL BE 187 MILLION RUPEES

Source text for Eikon:  ID:nBSE6rnWtL 
Further company coverage:  VARM.NS 

 ((Reuters.Briefs@thomsonreuters.com;))