Heidelberg Cement to subscribe stake in Lalganj Power
12th Aug 2021

Heidelberg Cement India has entered into Power Purchase agreement, Share Subscription agreement and shareholders agreement with Lalganj Power (LPPL) on August 10, 2021 for subscribing to 3,636,364 equity shares of Rs 10 each of LLPL at a premium of Rs 3.2 per share aggregating to Rs 48 million in order to procure around 22 Gigawatt hours per annum of solar power under captive arrangement for operating its plant located at Village Madora, District Jhansi, Uttar Pradesh, India.

Heidelberg Cement India is engaged in the manufacturing and selling of cement.