NCL Industries terminates JV agreement with Qingdao Xinguangzheng Steel Structure Company
25th Sep 2020

NCL Industries has terminated Joint Venture (JV) agreement with Qingdao Xinguangzheng Steel Structure Company, China, since the current state of bilateral relations between the two countries is not conducive to further progress in the matter.

Earlier, the company had signed an agreement to establish a Joint Venture Company with Qingdao Xinguangzheng Steel Structure Company, China for manufacture of Pre-engineered Steel Structures in India.

NCL Industries is an India-based company that operates in five segments: Cement, Boards, Prefab structures, Hydel Power and Ready Mix Concrete. The company was incorporated in 1979, a part of NCL Group. The company is also in the business activities of Cement, Prefab, Boards, Energy, Ready Mix Concrete Division.