Dhansa Labs Limited Secures Loan and Announces Strategic Agreements for CBG Production
Dhansa Labs Limited, formerly known as Ambey Laboratories Limited, announced it has received a loan sanction letter from PTC India Financial Services Limited for a sum of 84.82 Crores. The loan is intended to support a Compressed Bio-Gas (CBG) plant with a total project outlay of 120 Crores. The loan has a repayment tenure of 13 years.The company also revealed a strategic tripartite agreement involving its wholly owned subsidiary, Dhansa Green Energy Private Limited, alongside GAIL (India) Limited and Torrent Gas Ltd. This agreement establishes a long-term framework for the guaranteed sale and distribution of CBG produced at the subsidiary’s new facility.
According to the agreement details, Dhansa Green Energy Private Limited is a wholly owned subsidiary of Dhansa Labs Limited. Neither the company nor its subsidiary holds any shareholding interest in PTC India Financial Services Limited. The transaction does not constitute a related party transaction.
| Particulars | Details of Agreement | |
|---|---|---|
| c) | purpose of entering into the agreement; | To establish a Compressed Bio-Gas (CBG) plant with a total project outlay of INR 120 crore. |
| d) | shareholding, if any, in the entity with whom the agreement is executed; | Dhansa Green Energy Private Limited is a wholly owned subsidiary of Dhansa Labs Limited. Neither, the Company nor the WOShaveany shareholding interest in the entity withwhom the sanction letter has been executed. |
| e) | significant terms of the agreement (in brief); | The total project cost is INR 120 crore , which includes a debt component of INR 84.82 crore with a repayment tenure of 13 years. |
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