Joint Venture1 Sept 2025, 06:22 pm
Indraprastha Gas Ltd Signs Joint Venture Agreement with Rajasthan Rajya Vidyut Utpadan Nigam Limited for Setting up Solar Power Project
AI Summary
Indraprastha Gas Ltd (IGL) has entered into a Joint Venture Agreement with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) for setting up a Solar Power Project in the State of Rajasthan. The JV will have an initial paid-up capital of Rs. 5,00,000/- (Rupees Five Lakhs only), divided into 50,000 equity shares of Rs. 10/- each. IGL will have the right to nominate 4 Directors on the Board of JV and RVUNL will have the right to nominate 2 Directors on the Board of JV. The shareholding in the JV would be 74% of IGL and 26% of RVUNL.
Key Highlights
- Indraprastha Gas Ltd (IGL) and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) have signed a Joint Venture Agreement for setting up a Solar Power Project in Rajasthan.
- The JV will have an initial paid-up capital of Rs. 5,00,000/- (Rupees Five Lakhs only), divided into 50,000 equity shares of Rs. 10/- each.
- IGL will have the right to nominate 4 Directors on the Board of JV and RVUNL will have the right to nominate 2 Directors on the Board of JV.
- The shareholding in the JV would be 74% of IGL and 26% of RVUNL.