Joint Venture25 Nov 2025, 05:34 pm
Indraprastha Gas Ltd Enters Joint Venture with CEID Consultants for Compressed Bio Gas Plant
AI Summary
Indraprastha Gas Ltd (IGL) has entered into a Joint Venture Agreement with CEID Consultants & Engineering Private Limited for setting up of Compressed Bio Gas Plant/Biofuel Projects. The agreement involves equity participation from both the partners in the ratio of 50:50. The Board of Directors of the JV will have special rights like right to appoint directors and right to share subscription in case of issuance of shares. The shareholding in the JV would be 50% of IGL and 50% of CEID.
Key Highlights
- Indraprastha Gas Ltd and CEID Consultants & Engineering Private Limited enter into a 50:50 Joint Venture for setting up Compressed Bio Gas Plant/Biofuel Projects.
- The Board of Directors of the JV will have special rights including right to appoint directors and right to share subscription in case of issuance of shares.
- Shareholding in the JV would be 50% of IGL and 50% of CEID.
- The agreement does not involve any related party transactions.
- No potential conflict of interest arising out of such agreements.