Indraprastha Gas Limited signed a joint venture with Hindustan Waste Treatment Pvt Ltd on 19 December 2025. The JV holds equal 50% equity, a four-member board, and focuses on compressed biogas and biofuel projects.
Source: Indraprastha Gas Limited Press Release (NSE Exchange Filings) | Published on Dec 19, 2025
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As quoted in the press release from Indraprastha Gas Limited (NSE Exchange Filings), the company informed stock exchanges that it has entered into a joint venture agreement with Hindustan Waste Treatment Private Limited. Under the SEBI Listing Regulation – Regulation 30 - the agreement was made public by submitting forms to both the BSE and NSE on the date of the press release published on 19 December 2025.
The purpose of the joint venture is to establish compressed biogas plants; there are also plans for developing other forms of renewable fuels (such as biodiesel). This disclosure provides information about the governance model, ownership interests and contributions of each party to the joint venture entity. In this announcement, factual information has been disclosed related to the transaction and no forward-looking statements were issued at this time.
The filing confirms that both entities will participate equally in the joint venture. It also states that the transaction does not fall under related party transactions and that no promoter or group company relationship exists between the parties.
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A joint venture deal was signed by Indraprastha Gas Limited on December 19, 2025.
Hindustan Waste Treatment Private Limited and the JV are now together.
Both partners have a 50% stake in the business.
The business mainly works on biofuel and compressed biogas projects.
Joint Ventures are agreements made between two or more organisations that share a common interest; they agree to work together for a specific project or purpose. This agreement aims to pursue the development of both compressed biogas plants and other biofuel related projects. The terms of disclosure state that this route will have equal equity contributions of Indraprastha Gas Limited and Hindustan Waste Treatment (P) Ltd.
The governance structure includes an initial board comprising four directors. Each partner has the right to nominate two directors to the board. The filing does not mention any special rights beyond board representation and equity holding.
There is nothing in this agreement that confirms additional disclosures involving either amendments or termination events presently, and no disclosures with regard to conflicts of interest. Any future changes (if applicable) will be separately disclosed to the stock exchanges.
Details | Specifics |
Joint Venture Partners | Indraprastha Gas Limited and Hindustan Waste Treatment Pvt Ltd |
Project Focus | Biofuel projects and compressed biogas plants |
Equity Structure | 50% Indraprastha Gas Limited and 50% Hindustan Waste Treatment Pvt Ltd |
Board Composition | Four directors, with two nominees from each company |
Disclosure Source | NSE and BSE filings |
As per NSE data, Indraprastha Gas Limited share price stood at ₹194.01 on 19 December 2025 at 15:30 PM IST. The stock recorded a decline of ₹2.02, or 1.03%, during the session.The previous close was ₹196.03. The stock opened at ₹194.60, touched an intraday high of ₹194.64, and a low of ₹190.51.
Rules 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 say that the notice had to be sent. Such as the agreement's goal, the pattern of shareholding, the structure of the board, and confirmation of the related party status, the disclosure includes the information needed by Annexure A.
The official document proves that the partnership deal was signed on December 19, 2025. The paper doesn't have any more information about announcements of changes or terminations.
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