Joint Venture17 Sept 2026, 06:50 pm
Petronet LNG Approves 50:50 JV with Gruner for 10 CBG Plants
AI Summary
Petronet LNG Ltd (PLL) has approved a proposal to form a 50:50 Joint Venture (JV) company with Gruner Renewable Energy Private Limited. This JV will focus on establishing 10 Compressed Biogas (CBG) plants, each with a capacity of 18 metric tons per day, across India. The estimated capital outlay for this venture is Rs. 1,200 crore. Further details will be provided upon the incorporation of the JV. The decision was made during the Board Meeting held on September 17, 2026.
Key Highlights
- Petronet LNG to form 50:50 Joint Venture with Gruner Renewable Energy.
- JV will establish 10 Compressed Biogas (CBG) plants nationwide.
- Estimated capital outlay for the project is Rs. 1,200 crore.
- Board of Directors approved the proposal on September 17, 2026.
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