As filed · Agreements
discussed on the draft of Joint Venture Agreement (“JVA”) as placed before the Board, thereafter the Board. Limited (“NML”)- the wholly owned subsidiary of NIL. of 80% of the share capital of NML and MIL shall own a maximum of 20% of the share capital of NML.
A joint venture commits capital and management time to an asset the company only part-owns.
Prior statements by this company that CapitSignal has recorded changing.
Pakhajan Phase 2 is budgeted at INR 1,367 crore with completion expected by March 2027
Dahej Phase 1 project cost stands at INR 428 crore with target completion by February 2027, while Pakhajan Phase 2 is budgeted at INR 1,367 crore with completion expected by March 2027
Morita’s equity contribution of $20 million toward the Joint Venture is scheduled for infusion by Q1 FY27
Our battery materials project remains firmly on track with projected timelines.
Dahej Phase 1 project cost stands at INR 428 crore with target completion by February 2027, while Pakhajan Phase 2 is budgeted at INR 1,367 crore with completion expected by March 2027
Total estimated project cost for Neogen Ionics’ Dahej Phase 1 and Pakhajan Phase 2 Battery Materials projects stands at INR 1,795 crore (INR 218 crore incurred in Q1 FY27; cumulative INR 1,298 crore to date)
