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IGL’s JV buys smart meter manufacturing technology from Hangzhou Beta Meter

05 Feb 2024 Evaluate

IGL Genesis Technologies (IGTL), a 51:49 joint venture between Indraprastha Gas (IGL) and Genesis Gas Solutions (GGSPL), has signed a deal with China-based Hangzhou Beta Meter to buy smart meter manufacturing technology for $2.4 million (about Rs 20 crore). 

IGTL has already initiated the process of setting up the production facility to manufacture smart gas meters in India with technical knowhow from Hangzhou Beta Meter Co. (Holley Group).

Indraprastha Gas is in the business of city gas distribution presently operating in the National Capital Territory of Delhi including adjoining areas of Noida, Greater Noida, Ghaziabad, Gurugram, Meerut (except area already authorised), Shamli, Muzaffarnagar, Karnal and Rewari.


Indraprastha Gas Share Price

165.55 -3.60 (-2.13%)
23-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
GAIL India 164.95
Gujarat Gas 386.10
Indraprastha Gas 165.55
Mahanagar Gas 1135.55
Adani Total Gas 621.80
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