Article

Indraprastha Gas (IGL) has formed a joint venture with Hindustan Waste Treatment (HWT) to establish a compressed biogas plant and biofuel projects, with both parties holding equal equity participation of 50%. The joint venture's board will initially consist of four directors, two from each partner.

In November, IGL also entered into a similar joint venture with CEID Consultants & Engineering for biofuel projects, maintaining the same equity ratio. IGL shares closed up 1.71% at Rs 196, with a market capitalization of Rs 27,139.03 crore. The stock has a 52-week high of Rs 229.20 and a low of Rs 172.00.