Chandigarh-based Beckons Industries Ltd said it signed an agreement with Hong Kong-based Jilani International for transfer of its algae technology to south Asian countries such as China, Taiwan, Hong Kong, Singapore and British Indian Ocean territory. No financial details were provided.
According to the agreement, Jilani will also participate financially in the promotion of this technology. Algae oil is the main feedstock to produce green biofuel (biodiesel and bioject fuel). Beckons Technology will not only help in producing alternate sources of energy, but also generate tax free carbon credits and reduce the threat of global warming, the company said in a regulatory filing.
On Tuesday, Beckons Industries shares closed 3.3% down at Rs7 on the Bombay Stock Exchange, while the Sensex ended at 1% up at 17,614 points.
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pls find out the product line of jilani intnl and see if the tie-up is compatible to its existing line of importer/exporter of furniture etc . one wonders how ur team repro this without even a internet check which would have provided the requisite info
hope to hear further from u in this regard
Thank u