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Gruner Renewable Energy Secures Orders Worth INR 1500 Crores for CBG Plants

The firm bagged multiple contracts for compressed biogas (CBG) plants with a production capacity of 88,000 tonnes per annum.

April 23, 2024. By Anurima Mondal

Gruner Renewable Energy has recently secured multiple orders worth INR 1,500 crores for Compressed Biogas (CBG) plants across the country, within the first year of its incorporation. This will collectively contribute to an annual production of over 88,000 tonnes of compressed biogas for the Indian market.

In a notable development, Gruner secured 11 projects from India’s leading business conglomerate valued INR 1,100 crores, and 19 other projects, worth INR 400 crores from individual business leaders.

These projects are strategically located across various cities, including Ayodhya (Uttar Pradesh), Satna (Madhya Pradesh), Balasore (Orissa), Navsari (Gujarat), Yavatmal (Maharashtra), Vijayawada, and Rajahmundry (Andhra Pradesh), and others.

For smooth operations of these projects, Gruner will add around 900 professionals and skilled labour taking its workforce to a total of 2,500 employees including site workers by next quarter. These will be deployed at various locations including the corporate office in Noida/NCR.

Utkarsh Gupta, Founder & CEO, Gruner Renewable Energy said, “Currently, India satisfies about 85 percent of its crude oil demands through imports. However, there is a gradual effort underway to expand biofuel production capacity within the country. By leveraging our current orders in hand, we aim to reduce India's overall expenditure on crude oil imports by INR 8 billion. Furthermore, our efforts aim to benefit farmers and generate employment in the energy industry, fostering awareness and development. We aspire to play a pivotal role in India's commitment to becoming a net-zero economy by 2070 through renewable energy”.

The company, which started its operations last year in February 2023, currently oversees a robust portfolio comprising 30 on-going projects, nationwide. With a forward-looking approach, the company aims to augment its project count to 100, aiming new order value to INR 5,000 crores by the end of the current financial year.

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Biomass

Gruner Renewable Energy

Compressed Biogas

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