July 14th 2023.
Indraprastha Gas Ltd. made an exciting announcement on Friday with the signing of a Joint Venture Agreement with Genesis Gas Solutions Private Limited. This news was confirmed via an exchange filing from the company.
The Ministry of Corporate Affairs also sent an email regarding the incorporation of a new company - IGL Genesis Technologies Limited. This company is the joint venture between IGL and Genesis, with the equity participation from both the partners in the ratio of 51 :49 respectively.
The stocks of Indraprastha Gas Ltd. also saw a surge in value on Friday at 1:25 pm IST. The stocks were at ₹488.25, which is a rise of 1.09 percent.
GAIL India has also nominated Kamal Kishore Chatiwal as the Managing Director of Indraprastha Gas. This is a major move for the company and is sure to bring positive results in the near future.
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