NCL Industries signs JV agreement with Moravia Containers A S Czech Republic

The agreement provides for Equity participation of 74.9% by NCLIL and it affiliates in the Joint Venture Company.

Sep 20, 2021 11:09 IST India Infoline News Service

NCL Industries Ltd (NCLIL) has informed that it has entered into a Joint Venture Agreement with Moravia Containers A.S. of Czech Republic to set up a Joint Venture Company for manufacture of Modular Containers & Systems and other products.

The agreement provides for Equity participation of 74.9% by NCLIL and it affiliates in the Joint Venture Company.

The initial equity investment by NCLIL towards its share of equity in JV company shall not exceed Rs10cr, said company in a regulatory filing.

At around 11:56 AM, NCL Industries was trading at Rs240 apiece up by Rs1 or 0.42% on Sensex.

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