Joint Venture13 Jan 2024, 03:51 pm
Vikas Lifecare Ltd subsidiary Genesis Gas Solutions incorporates joint venture company 'Indraprastha Genesis Technologies Limited'
AI Summary
Vikas Lifecare Ltd, through its subsidiary Genesis Gas Solutions Pvt Ltd, has incorporated a joint venture company 'Indraprastha Genesis Technologies Limited' with Indraprastha Gas Limited (IGL) to manufacture smart meters equipped with loT technologies. The company has completed the inducement of paid-up capital amounting INR 181 million. The joint venture aims to tap the potential in high demand for smart meters in the domestic and international markets.,
Key Highlights
- Incorporation of joint venture company 'Indraprastha Genesis Technologies Limited'
- Completion of inducement of paid-up capital amounting INR 181 million
- Manufacturing of smart meters equipped with loT technologies
- Tapping the potential in high demand for smart meters in domestic and international markets