Petronet LNG Limited (PLL) has approved a 50:50 joint venture with Gruner Renewable Energy Private Limited for the incorporation of a new private limited company. This venture will focus on establishing 10 Compressed Biogas (CBG) plants, each with a capacity of 18 MT/day, across India. The estimated capital outlay for this significant expansion into the renewable energy sector is ₹1,200 crore.
New Joint Venture for Renewable Energy Expansion
Petronet LNG Limited (PLL) announced on September 17, 2026, that its Board of Directors has given its approval for a strategic 50:50 joint venture with Gruner Renewable Energy Private Limited. This collaboration will lead to the incorporation of a new private limited company.
Project Details and Capital Investment
The primary objective of this joint venture is to establish a network of 10 Compressed Biogas (CBG) plants across the country. Each plant will have a production capacity of 18 MT/day. The estimated capital investment required for this ambitious project is substantial, amounting to approximately ₹1,200 crore, highlighting PLL’s commitment to expanding its footprint in the renewable energy sector.
Further Information and Timeline
Additional details regarding the proposed joint venture company will be communicated to the stock exchanges upon its official incorporation. The Board meeting where this proposal was approved commenced at 2:30 PM and concluded at 4:20 PM on the same day.
Source: BSE
