Intimation about Memorandum of Understanding entered by the Company
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Techknowgreen Solutions Limited has entered into a 10-year Memorandum of Understanding with Sri Sri Rural Development Programme Trust (SSRDP), an initiative of The Art of Living Foundation. The partnership covers wastewater treatment, lake and river rejuvenation, nallah management, and broader environmental sustainability projects across India. Techknowgreen will act as the Technology Partner providing its proprietary Circular Economic Wetland Technology (CEWT), while SSRDP will be the Leading Partner leveraging its community outreach network. Financial terms including cost-sharing and revenue distribution will be decided on a project-to-project basis. The two parties will work exclusively with each other for projects using Techknowgreen's CEWT technology.
This collaboration expands Techknowgreen's project reach by combining its technical expertise with SSRDP's large community network, potentially opening doors to more government tenders and CSR-funded environmental projects. The 10-year duration and exclusivity clause provide long-term revenue visibility, though no firm revenue figures have been disclosed, so the immediate stock impact is likely to be modest.