Indraprastha Gas Limited (IGL) has entered into a joint venture agreement with Hindustan Waste Treatment Private Limited (HWT) to establish Compressed Bio Gas Plant/Biofuel Projects. The joint venture will have an equity participation ratio of 50:50 between IGL and HWT. The initial board will consist of four directors, with each party appointing two. This move signifies IGL’s expansion into renewable energy.
Joint Venture Agreement
Indraprastha Gas Limited (IGL) announced on December 19, 2025, a joint venture agreement with Hindustan Waste Treatment Private Limited (HWT). The collaboration aims to set up Compressed Bio Gas Plant/Biofuel Projects.
Equity Participation
The joint venture will operate with an equity participation ratio of 50:50 between IGL and HWT. Both companies will share equal ownership and investment responsibilities in the new venture. Initially, the Board of Directors for the joint venture will consist of four members, with each partner nominating two directors.
Projected Impact
The joint venture aims to establish Compressed Bio Gas Plants/Biofuel Projects. Further details regarding potential conflicts of interest, specific nominee details, and potential impacts were not disclosed.
Source: BSE