Indraprastha Gas has entered into a Joint Venture (JV) Agreement with Hindustan Waste Treatment (HWT) for setting up of Compressed Bio Gas Plant/Biofuel Projects. Both the companies will hold 50% stake each in the joint venture entity. Board of Directors of the JV will comprise of initially four directors (two nominated by each party).
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.
