Thermax and EverEnviro to set up JV to undertake Bio-CNG projects.

Thermax has executed Shareholders Agreement with Everenviro Resource Management (EverEnviro) on 27 July 2022 for incorporating a a company to execute technology, engineering, procurement & construction (TEPC) scope for the Bio-CNG Project.

The shareholding pattern of the proposed new company shall be as under: Thermax - 65% and EverEnviro - 35%.

BS