Joint Venture22 Oct 2026, 06:21 pm
Petronet LNG Signs JV Term Sheet with Gruner Renewable Energy
AI Summary
Petronet LNG Limited (PLL) has signed a binding term sheet with Gruner Renewable Energy Private Limited to form a joint venture. The JV aims to establish 10 Compressed Bio-Gas (CBG) plants across India, each with a capacity of 18 MT per day. The estimated capital outlay for this venture is ₹1,200 crore. PLL and Gruner Renewable Energy will have a 50:50 equity participation in the JV company. This move signifies PLL's expansion into the bioenergy sector.
Key Highlights
- JV formed with Gruner Renewable Energy for CBG plants.
- 10 CBG plants to be set up with 18 MT/day capacity each.
- Estimated capital outlay of ₹1,200 crore.
- 50:50 equity participation between PLL and Gruner.
- Expands Petronet LNG's presence into bioenergy.
Price Impact
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