Likhitha Infrastructure to form Joint Venture in UAE for Oil and Gas Expansion
Likhitha Infrastructure's board approved a Joint Venture with Sait Specialized Engineering in Abu Dhabi, UAE, to expand its oil and gas infrastructure business with a 65% stake.
This JV represents a major strategic move for Likhitha Infrastructure to expand its operations internationally into the Oil and Gas Infrastructure Industry in the UAE, which can significantly impact future revenue and market presence.
The formation of a Joint Venture with a 65% stake in Abu Dhabi signifies a strategic expansion into the lucrative UAE oil and gas infrastructure market, indicating future growth potential.
* Likhitha Infrastructure Limited's Board of Directors, at their meeting held on Friday, November 14, 2025, approved the incorporation of a Joint Venture Company. * The Joint Venture will be formed with M/s. Sait Specialized Engineering and Contracting - L.L.C, Abu Dhabi, in accordance with the laws of Abu Dhabi, United Arab Emirates. * The primary objective of this Joint Venture is to enable the Company to expand its business in the United Arab Emirates and other Oil and Gas Exporting countries. * The Joint Venture will operate in the Oil and Gas Infrastructure Industry. * Likhitha Infrastructure Limited will hold a 65% shareholding/control in the proposed Joint Venture. * The Company's portion of the equity will be subscribed in cash, following the Overseas Direct Investment norms of the RBI. * The incorporation of the Joint Venture is subject to obtaining necessary approvals from applicable regulatory authorities in India and Abu Dhabi, United Arab Emirates. * The proposed Joint Venture will be considered a related party once it is incorporated.
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Likhitha Infrastructure Limited filed this with the NSE as a statutory disclosure, categorised under joint ventures. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Likhitha Infrastructure Limited. Read the original for the full detail.