Gemini Communication inks JV pact with GEOSS Technologies

Gemini Communication inks JV pact with GEOSS TechnologiesGemini Communication, one of India’s most innovative technology companies has executed a joint venture agreement with GEOSS Technologies AG (GEOSS) for the purpose of providing “Fully Funded Intelligent Metering and Payment Solution & Service for Gas, Water & Electricity utility providers in India.

The joint venture company will focus on providing a comprehensive metering, billing and customer care solution that automatically measures, reports and bill actual product flow from Production through to Consumption for Utility Providers.

The shareholding pattern in the Joint Venture Company will be equal between Gemini Communication Limited and GEOSS Technologies AG.

The Joint Venture start-up and ongoing capital needs will be proportionately funded by Gemini and GEOSS. The Joint venture company named Gemini GEOSS Pvt. Ltd. will be based out of Chennai.

GEOSS Technologies AG is a Switzerland based holding company with strong management & funding capacity for large infrastructure requirements.

Ahead of positive announcement, Gemini Communication’s shares were trading at Rs 23 on BSE. The counter has made 52-week-high and low of Rs 39 and Rs 11 respectively.