Praj Industries Limited has received in-principle approval from its Board of Directors to invest up to ₹100 crore in a joint venture with Bharat Petroleum Corporation Ltd. (BPCL). This joint venture aims to establish Compressed Bio Gas (CBG) plants across India, aligning with the nation’s focus on renewable energy and sustainable fuel production. The decision signifies a strategic expansion into the burgeoning bio-energy sector.
Strategic Investment in Bio-Gas Infrastructure
Praj Industries Limited announced today, October 29, 2026, that its Board of Directors has granted in-principle approval for a significant investment of up to ₹100 crore. This investment will be channeled into a new Joint Venture Company (JVC) to be formed with Bharat Petroleum Corporation Ltd. (BPCL).
Expansion into Compressed Bio Gas Market
The primary objective of this JVC is the establishment of Compressed Bio Gas (CBG) plants strategically located across India. This move marks Praj Industries’ commitment to furthering the development and deployment of renewable energy solutions, particularly in the bio-energy domain. The company previously communicated its interest in this venture via a letter dated January 30, 2025.
Source: BSE
