Global Infrastructure SherpaKrystal Integrated Services forms SPV for rooftop solar projects at Maharashtra government hospitals
Krystal Integrated Services has incorporated Advait Krystal Solar Energy SPV Private Limited to execute rooftop solar projects across government hospitals and medical colleges in Maharashtra. Krystal subscribed to 4,900 equity shares for a 49% stake in the SPV, amounting to INR 49,000 (~$710). This incorporation follows a directive from the Directorate of Medical Education & Research, Maharashtra, requiring an SPV to act as a concessionaire for these projects. The SPV, which is yet to commence business, is intended to undertake solar, wind, hybrid, and storage activities, including EPC, operations, maintenance, and consultancy.
Counterparts (3)
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- Krystal Integrated Services formed Advait Krystal Solar Energy SPV Private Limited.
- Krystal subscribed to 4,900 equity shares for a 49% stake.
- Investment amount for Krystal's stake was INR 49,000 (~$710).
- Projects are for rooftop solar at Maharashtra government hospitals and medical colleges.
- SPV will undertake solar, wind, hybrid, and storage activities.
Source Intelligence
The SPV is intended to undertake solar, wind, hybrid, and storage activities, including EPC, operations, maintenance, and consultancy.
"Krystal Integrated Services has incorporated Advait Krystal Solar Energy SPV Private Limited"
"Krystal Integrated Services has incorporated Advait Krystal Solar Energy SPV Private Limited"
"in Maharashtra with Advaita Enterprises International Private Limited, formerly known as e-Governance Solution Private Limited."
"This incorporation follows a directive from the Directorate of Medical Education & Research, Maharashtra"
Timeline
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