Birla Corporation has executed Power Purchase Agreement (PPA) with AMPSolar Farms for acquisition of 2600 Equity Shares of Rs 10 each (i.e. 26% of the paid up capital) has been mutually terminated since the open access approval to the project under PPA was not granted by the Rajasthan State Authorities.
In view of the above, 2600 Equity Shares of AMPSolar Farms acquired on January 4, 2018 under the Group Captive Scheme is being transferred back to AMPSolar Group at face value of Rs 10 each.
Birla Corporation operates in four divisions namely cement, jute, vinoleum and auto trim division.
