International Combustion India Ltd has informed BSE that the Company has entered into a Memorandum of Understanding (MOU) with Allgaier Werke GmbH (Allgaier), Germany, for formation of a Joint Venture Company, which shall be engaged in the marketing, commissioning and servicing of Motor Type Dryer and its accessories, to be manufactured by the Company under License from Allgaier Process Technology GmbH, Germany.Source : BSE
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