Brief: Praj Industries Forming Joint Venture With Indian Oil Corporation

Praj Industries

25/05/2023 12:16

May 25 (Reuters) - Praj Industries Ltd  PRAJ.NS :
    * FORMING OF JOINT VENTURE WITH INDIAN OIL CORPORATION
    * JOINT VENTURE WITH 50:50 EQUITY PARTICIPATION
    * JVC WOULD SET UP BIOFUEL PRODUCTION FACILITIES AND
MARKETING OF
CBG, ETHANOL, SAF
    * IOCL AND PRAJ INDUSTRIES SHALL INFUSE AN INITIAL CAPITAL
AMOUNT
5 MILLION RUPEES EACH INTO JV

Source text for Eikon:  ID:nBSE3mkMy5 
Further company coverage:  PRAJ.NS 

 ((reuters.briefs@thomsonreuters.com;))