MoU22 Oct 2026, 08:27 am
Organic Recycling Systems Ltd signs MOU with Mahanagar Gas Ltd
AI Summary
Organic Recycling Systems Limited (ORSL) has entered into a non-binding Memorandum of Understanding (MoU) with Mahanagar Gas Limited (MGL) to explore opportunities in the Compressed Biogas (CBG) value chain across Maharashtra and Karnataka. The collaboration aims to evaluate potential CBG projects, including feasibility studies and offtake arrangements, leveraging ORSL's waste processing capabilities and MGL's city gas distribution expertise. Any future commercial agreements will be subject to definitive agreements and necessary approvals. MGL has a market capitalization of approximately ₹10,000 crore.
Key Highlights
- MoU signed with Mahanagar Gas Limited (MGL).
- Explores Compressed Biogas (CBG) value chain opportunities.
- Focus on Maharashtra and Karnataka regions.
- Non-binding agreement, subject to future approvals.
- Leverages ORSL's processing and MGL's distribution expertise.
Price Impact
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