Joint Venture30 Mar 2025, 12:03 am
Indraprastha Gas Ltd to Invest Approx. Rs. 382 Crores in Solar Plant Joint Venture with Rajasthan Rajya Vidyut Utpadan Nigam Limited
AI Summary
Indraprastha Gas Ltd announced that its Board has approved the setting up of a Solar Plant in the State of Rajasthan through a Joint Venture with M/s Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL). The estimated equity investment for IGL is approximately Rs. 382 Crores. The investment is subject to the execution of definitive agreements and fulfillment of other terms and conditions precedent for the proposed investment. The company will provide disclosures under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, after the signing of definitive agreement(s). The Board meeting commenced on 03:00 PM and concluded at 05:30 PM.
Key Highlights
- Indraprastha Gas Ltd to invest approximately Rs. 382 Crores in a Solar Plant Joint Venture with Rajasthan Rajya Vidyut Utpadan Nigam Limited
- The Joint Venture is to be set up in the State of Rajasthan
- The investment is subject to the execution of definitive agreements and fulfillment of other terms and conditions
- Disclosures to be provided under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, after the signing of definitive agreement(s)
- Board meeting commenced on 03:00 PM and concluded at 05:30 PM