The Board of Sunedison Infrastructure at its meeting held on 15 December 2020 have accorded their approval for capital contribution to be made by the Company amounting to Rs 18.66 crore in Sherisha Solar LLP, under the provisions of the Limited Liability Partnership Act, 2008 (“LLP Act”) by way of execution of a limited liability partnership agreement.

The investment is part of the restructuring of the company's business to separate the under-construction solar power projects and the commissioned solar power projects.

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Sunedison Infrastructure announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 11 December 2020.

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Net Loss of Sunedison Infrastructure reported to Rs 3.85 crore in the quarter ended September 2020 as against net loss of Rs 7.07 crore during the previous quarter ended September 2019. Sales rose 177.95% to Rs 25.71 crore in the quarter ended September 2020 as against Rs 9.25 crore during the previous quarter ended September 2019.

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Sunedison Infrastructure has revised the meeting of the Board of directors which was scheduled to be held on 10 November 2020. The meeting will now be held on a later date12 November 2020.

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