Bharat Petroleum Corporation Ltd Signs Joint Venture Agreement with Sembcorp Green Hydrogen India Pvt. Ltd
Bharat Petroleum Corporation Limited has signed a Joint Venture agreement with Sembcorp Green Hydrogen India Pvt. Ltd (SGHIPL) in the domain of Renewable Energy and Green Hydrogen (including its derivatives) on 8th April 2025. The Joint Venture Company (JV) will be incorporated as a Private Company limited by shares with an initial issued, subscribed and paid-up capital of INR 25,00,00,000/- (Indian Rupees Twenty-Five Crores Only) consisting of 2,50,00,000 (two crores and fifty lakhs) Equity Shares of INR 10/- (Indian Rupees Ten Only) each. The JV will develop, construct, operate renewable energy projects and green hydrogen (and its derivatives) projects across India including sale of renewable energy and green hydrogen (and its derivatives).
Key Highlights
- Bharat Petroleum Corporation Limited has signed a Joint Venture agreement with Sembcorp Green Hydrogen India Pvt. Ltd in the domain of Renewable Energy and Green Hydrogen
- The Joint Venture Company will be incorporated as a Private Company limited by shares
- The initial issued, subscribed and paid-up capital of JV Company is INR 25,00,00,000/- (Indian Rupees Twenty-Five Crores Only)
- The JV will develop, construct, operate renewable energy projects and green hydrogen (and its derivatives) projects across India including sale of renewable energy and green hydrogen (and its derivatives)
- Both entities have equal rights to appoint Directors and the Chairman and CEO will be appointed by rotation