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Modern Engineering and Projects Ltd and Aquatech Solutions Pvt Ltd formed a joint venture (AOP) to execute a sewage treatment plant and tertiary treatment plant project for Nashik Municipal Corporation. The contract includes design, construction, supply, erection, testing, commissioning, startup, performance run, and 60 months of O&M.
“The Profit of the Aquatech - MEPL Nashik JV (in the form of AOP) shall be shared equally i.e 50-50 between both the parties.”equitybulls.com
Summarized from public sources; check the original articles before acting on it.