Indraprastha Gas Limited (IGL) has entered into a Joint Venture Agreement with CEID Consultants & Engineering Private Limited to establish Compressed Bio Gas Plant/Biofuel Projects. The equity participation will be split 50:50 between IGL and CEID. The Board of Directors will consist of four directors, with two nominated by each party. This strategic move aims to expand IGL’s footprint in the renewable energy sector.
Strategic Joint Venture
Indraprastha Gas Limited (IGL) announced a strategic move into the renewable energy sector by entering into a Joint Venture Agreement with CEID Consultants & Engineering Private Limited. The agreement, finalized on November 25, 2025, will facilitate the setup of Compressed Bio Gas Plant/Biofuel Projects, marking a significant step for IGL in diversifying its energy portfolio.
Equity and Governance Structure
The Joint Venture will see an equal equity participation, with IGL and CEID holding 50% each. The governance of the venture will be managed through a Board of Directors comprising four members, with each partner nominating two directors. This structure ensures balanced control and decision-making in the new entity.
Focus on Compressed Bio Gas
The primary focus of the Joint Venture is to establish and operate Compressed Bio Gas (CBG) Plants and Biofuel Projects. This initiative aligns with the growing emphasis on sustainable energy solutions and aims to contribute to a cleaner energy mix. Details of the Joint Venture are enclosed as Annexure-A.
Source: BSE