Indraprastha Gas Limited (IGL) has announced the formation of a Joint Venture with Hindustan Waste Treatment Private Limited (HWT) to establish Compressed Bio Gas (CBG) plants and biofuel projects. The agreement, signed on December 19, 2025, outlines a 50:50 equity participation between IGL and HWT in the newly formed joint venture entity. Under the terms of the agreement, the Board of Directors for the JV will initially consist of four directors, with each partner nominating two representatives. The transaction is not considered a related party transaction and is being conducted at an arm's length basis.