Utkarsh Gupta, founder and CEO, Gruner Renewable Energy Image Credits Gruner Renewable Energy
1 minute read

Gruner Renewable Energy secures compressed biogas projects worth INR 1,500 crore

Noida-based Gruner Renewable Energy announced this week that it has bagged multiple projects worth INR 1,500 crore ($180 million) for compressed biogas (CBG) plants across the country. The company bagged these projects within the first year of its incorporation.

Gruner stated it secured eleven projects valued INR 1,100 crore from a leading business conglomerate in India and 19 other projects worth INR 400 crore from individual business leaders.

Gruner will develop these CBG plants across India. The plants will have a cumulative CBG production capacity of 88,000 tons per year. The projects will be 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.

Utkarsh Gupta, founder and CEO, Gruner Renewable Energy, said, “Currently, India satisfies about 85% 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.”

Gruner, which started its operations in February 2023, currently oversees a robust portfolio comprising 30 on-going projects nationwide. The company aims to augment its project count to 100, aiming new order value of INR 5,000 crore in the current FY 2024-25.

 

Legal Disclaimer:
pv magazine
GLOBAL FLOW CONTROL provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above. "

Latest News

  • Oil and Gas
    2 minutes read

    ADES awarded $640 million Worth of…

    27 May. 2024 | Global Flow Control
  • Marine and Shipbuilding
    1 minute read

    Sapura manages to close a US$1.8…

    27 May. 2024 | Global Flow Control
  • Oil and Gas
    1 minute read

    CNOOC secures offshore blocks in Mozambique

    27 May. 2024 | Global Flow Control
  • Food and Beverage
    6 minutes read

    Landmark $65mln brewery-cum-distillery project coming to…

    27 May. 2024 | Global Flow Control