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.
