Petronet LNG Plans 10 CBG Plants With ₹1,200 Cr JV

LNG: Petronet LNG Limited has signed a binding term sheet with Gruner Renewable Energy to establish a joint venture focused on setting up compressed biogas (CBG) plants across India. The proposed initiative aims to develop 10 CBG plants with a total planned investment of ₹1,200 crore. The joint venture is expected to follow a 50:50 equity participation structure, with both partners sharing ownership equally. Compressed biogas is produced by processing biodegradable organic waste and other suitable feedstocks. It can be used as a fuel and has applications in transportation, industrial use and other energy-related segments, subject to the relevant infrastructure and regulatory framework. The proposed project represents a planned expansion into the CBG segment and aligns with the development of alternative fuels within India’s broader energy landscape. Under the proposed arrangement, Petronet LNG and Gruner Renewable Energy would each hold a 50% equity interest in the joint venture. The planned investment of ₹1,200 crore relates to the development of the 10 proposed plants. However, the final project structure, investment deployment schedule, plant locations, individual capacities and commissioning timelines have not been specified in the information provided. The next developments to monitor include the completion of definitive agreements, project approvals, financing arrangements, feedstock availability and construction progress. The actual operational and financial contribution will depend on the execution. This announcement provides an update on Petronet LNG’s proposed joint venture and planned participation in compressed biogas infrastructure. Further official disclosures may provide additional details as the initiative progresses. This information is shared strictly as a corporate and market update for informational purposes and should not be considered investment advice, research analysis, or a recommendation to buy or sell any security.