Shareholder Update - India Activity
Environmental Clean Technologies Limited (ASX:ESI and ECT or company) is pleased to advise that it has completed the set up of its Indian corporate entity.
As previously advised, and in support of the company’s plans to advance its development objectives in India, the process to create a subsidiary company in India commenced in September 2014.
The company has now finalised the establishment and incorporation of its Indian entity, Environmental Clean Technologies Development and Services India Private Limited (ECT India).
The entity, a 100% ECT owned subsidiary, is the vehicle for the development and management of the company’s planned Coldry and Matmor projects in India and is a required administrative step in pursuing the broader ‘India Strategy’.
The company continues working with Neyveli Lignite Corporation (NLC) and the National Mineral Development Corporation of India (NMDC) to develop collaborative arrangements, and with Thermax on technology and project specific work packages. Further updates will be provided in due course.
For further information contact:
Ashley Moore – Managing Director [email protected]