KEI Industries Ltd has informed that the Board of Directors of the Company at its meeting held on January 25, 2008, has decided to form a Subsidiary Company. The Main Objects of such Subsidiary Company will be generation, transmission, distribution, purchase, sell and supply of electricity, power or any other energy from conventional / non-conventional sources.
The Board of Directors of the Company also discussed in detail and approved the proposal to enter into possible tie-ups and Joint Ventures for generation of power through Biomass based power plant. In this connection, the Board has authorized Mr. Anil Gupta, CMD and Mr. Rajeev Gupta, Executive Director (Finance) of the Company to enter into and sign all the Memorandum of Understanding (MOU), Shareholders Agreements, Joint Venture agreements etc as may be required from time to time on behalf of the Company.
The Board of Directors of the Company also discussed in detail and approved the proposal to enter into possible tie-ups and Joint Ventures for generation of power through Biomass based power plant. In this connection, the Board has authorized Mr. Anil Gupta, CMD and Mr. Rajeev Gupta, Executive Director (Finance) of the Company to enter into and sign all the Memorandum of Understanding (MOU), Shareholders Agreements, Joint Venture agreements etc as may be required from time to time on behalf of the Company.
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