Joint Venture19 Dec 2025, 06:27 pm
Indraprastha Gas Ltd Enters Joint Venture with Hindustan Waste Treatment for Compressed Bio Gas Plant
AI Summary
Indraprastha Gas Ltd (IGL) has entered into a Joint Venture Agreement with Hindustan Waste Treatment Private Limited (HWT) for setting up of Compressed Bio Gas Plant/Biofuel Projects. The JV will have a 50:50 equity participation from both the partners. The Board of Directors of the JV will initially comprise of four directors, two nominated by each party. The JV has the right to appoint directors, first right to share subscription in case of issuance of shares, and right to restrict any change in capital structure.
Key Highlights
- Indraprastha Gas Ltd and Hindustan Waste Treatment Private Limited have formed a Joint Venture for setting up of Compressed Bio Gas Plant/Biofuel Projects.
- The JV will have a 50:50 equity participation from both the partners.
- The Board of Directors of the JV will initially comprise of four directors, two nominated by each party.
- The JV has the right to appoint directors, first right to share subscription in case of issuance of shares, and right to restrict any change in capital structure.