Joint Venture12 Sept 2024, 10:09 pm
Bharat Petroleum Corporation Ltd. Announces Joint Ventures in Renewable Energy and Green Hydrogen
AI Summary
Bharat Petroleum Corporation Ltd. (BPCL) has announced its intention to enter into two joint venture agreements. The first is with Sembcorp Green Hydrogen India Pvt. Ltd (SGHIPL) in the domain of Renewable Energy and Green Hydrogen, subject to regulatory approvals from NITI Aayog, DIPAM etc. The second joint venture is with M/s. GPS Renewables Pvt. Ltd (GPS) for setting up of Compressed Biogas (CBG) plants across India, also subject to regulatory approvals. The agreements will be entered into after the receipt of necessary approvals.
Key Highlights
- BPCL to enter into a joint venture with Sembcorp Green Hydrogen India Pvt. Ltd in the domain of Renewable Energy and Green Hydrogen
- BPCL to enter into a joint venture with M/s. GPS Renewables Pvt. Ltd for setting up of Compressed Biogas (CBG) plants across India
- Joint ventures subject to regulatory approvals from NITI Aayog, DIPAM etc.
- The agreements will be entered into after the receipt of necessary approvals
- BPCL to hold 50% shareholding in both joint ventures