Bharat Petroleum Corporation Ltd Signs Joint Venture Agreement with GPS Renewables Private Limited for Compressed Biogas Plants Across India
Bharat Petroleum Corporation Limited has signed a Joint Venture agreement with GPS Renewables Private Limited (GPS) for setting up Compressed Biogas (CBG) plants across India on 23rd April 2025. The JV company, to be incorporated as a Private Company limited by shares, will construct, operate and maintain CBG plants including sale of CBG and its derivatives. The initial issued, subscribed and paid-up capital of JV Company shall be INR 8,00,00,000/- (Indian Rupees Eight Crores Only) consisting of 80,00,000 (Eighty lakhs) Equity Shares of INR 10/- (Indian Rupees Ten Only) each. Both parties will subscribe equally. The Joint Venture is expected to meet the CBG blending obligation mandate and to support the energy transition and net zero initiatives of BPCL.
Key Highlights
- Bharat Petroleum Corporation Limited has signed a Joint Venture agreement with GPS Renewables Private Limited for setting up Compressed Biogas (CBG) plants across India.
- The JV company, to be incorporated as a Private Company limited by shares, will construct, operate and maintain CBG plants including sale of CBG and its derivatives.
- The initial issued, subscribed and paid-up capital of JV Company shall be INR 8,00,00,000/- (Indian Rupees Eight Crores Only) consisting of 80,00,000 (Eighty lakhs) Equity Shares of INR 10/- (Indian Rupees Ten Only) each. Both parties will subscribe equally.
- The Joint Venture is expected to meet the CBG blending obligation mandate and to support the energy transition and net zero initiatives of BPCL.