Praj Industries

The Board of Directors of Praj Industries Ltd. has given its approval for forming a Joint Venture Company (JVC) with Bharat Petroleum Corporation Ltd. (BPCL) for setting up of Compressed Bio Gas (CBG) plants across India. BPCL board has already approved this in their board meeting earlier this month. The shareholding pattern of the proposed JV company shall be as under: Praj: 50% and BPCL: 50%. The JV will construct, operate and maintain CBG plants across India including sale of CBG and its derivatives.

Aeroflex Industries

Aeroflex Industries Limited has informed that the Department of Scientific and Industrial Research (DSIR), Ministry of Science & Technology, Government of India has accorded recognition to the company’s in-house R&D units.