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Japanese firms to acquire 30% stake in Nettlinx's waste to

Press Trust of India  |  Hyderabad 

: Friday said Japanese Investment firms - Leben Co. Ltd and Kuni Umi Asset Management Co. Ltd may jointly acquire 30 per cent stake in its upcoming 12 MW waste to here.

The BSE listed IT firm, as part of its business diversification has recently stepped into Green Energy Segment WTE Power Sector.

According to a press release, is developing a WTE plant using waste collected in Greater Hyderabad Municipal Corporation limits and the project will be operational in about 18-24 months' time.

has acquired suitable land, obtained necessary statutory clearances and approvals from agencies, the release said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 09 2018. 19:15 IST