Organic Recycling Systems Limited (ORSL) has announced the strategic acquisition of Industrial Associate, a well-established chemical trading firm, marking a significant expansion in the company's green chemicals vertical. The acquisition was announced on March 13, 2026, under Regulation 30 of SEBI listing requirements.

Strategic Acquisition Overview

The acquisition represents a pivotal move in ORSL's strategy to strengthen its position in the sustainable chemicals market. Industrial Associate brings established relationships with leading chemical manufacturers and direct connections with industrial end-users across multiple sectors including manufacturing, infrastructure, and process industries.

Business Integration Strategy

Through this acquisition, ORSL aims to leverage Industrial Associate's extensive market network and commercial expertise to accelerate the development and distribution of environmentally responsible chemical products. The move aligns with ORSL's broader mission of advancing decarbonisation, resource efficiency, and green chemistry innovations.

Industrial Associate will continue operating with its established market relationships while benefiting from ORSL's technology platform, sustainability expertise, and expanding global partnerships in biogas, carbon capture, circular materials, and climate-focused innovation.

Management Commentary

Commenting on the acquisition, Mr. Sarang Bhand, Managing Director of ORSL, stated: "The acquisition of Industrial Associate is an important milestone in ORSL's journey of evolving from a waste management company into a broader cleantech and circular economy platform. By integrating Industrial Associate's strong market relationships with ORSL's technology and sustainability capabilities, we aim to accelerate the adoption of green chemicals and low-carbon industrial solutions."

Company Profile and Operations

ORSL operates through four strategic business verticals: Project Development & Technology Licensing, Product Vertical offering bio-based products, Consulting services, and Operations & Maintenance for waste processing facilities. The company maintains research collaborations with prestigious institutions including IIT Mumbai, IIT Kharagpur, and University of Birmingham.

This acquisition reinforces ORSL's long-term strategy of building a diversified cleantech platform spanning renewable energy, circular economy solutions, and green industrial inputs, positioning the company for India's transition toward a low-carbon economy.

Organic recycling systems Limited (ORSL) has announced a strategic collaboration with SLPP Re-New LLP to strengthen its position in India's rapidly expanding Compressed Bio-Gas (CBG) sector. The partnership, formalized through a Memorandum of Understanding, aims to deliver advanced bioenergy solutions across the country.

Strategic Partnership Framework

The collaboration combines SLPP Re-New LLP's specialized membrane-based biogas purification technology with ORSL's comprehensive project execution capabilities. The partnership structure establishes clear roles for both companies:

Technology Integration and Market Approach

The partnership integrates advanced membrane-based biogas purification systems with ORSL's end-to-end Technology, Engineering, Procurement & Construction (TEPC) and Operations & Maintenance (O&M) capabilities. This combination enables the delivery of high-efficiency, scalable bioenergy projects designed to support India's clean energy transition and waste-to-fuel initiatives.

Under the MoU, SLPP Re-New LLP will be positioned as the preferred partner for membrane-based biogas purification technologies, while ORSL will lead project execution, technology integration, and lifecycle management of CBG facilities.

Leadership Perspectives

Mr. Pankaj Tanwar, CEO Bioenergy at ORSL, emphasized the strategic importance of the collaboration: "This strategic association strengthens ORSL's commitment to delivering technologically advanced and reliable CBG solutions. By combining SLPP's specialized membrane expertise with ORSL's execution and operational capabilities, we aim to accelerate deployment of sustainable bioenergy infrastructure in India."

Mr. N.S. Mohan, Designated Partner at SLPP Re-New LLP, highlighted the market expansion potential: "Partnering with ORSL enables us to bring advanced purification solutions to a wider market. Together, we look forward to delivering integrated projects that enhance efficiency, scalability, and long-term performance of biogas facilities."

Company Profile and Capabilities

Established in 2008, ORSL operates as a technology-driven waste valorisation and bioenergy company with four strategic business verticals:

The company maintains research collaborations with prestigious institutions including IIT Mumbai, IIT Kharagpur, IIT BHU, IIT Roorkee, and University of Birmingham, supporting its intellectual property development and technological advancement initiatives.

Strategic Outlook

This partnership reflects ORSL's continued focus on building strategic alliances to expand its technology portfolio and strengthen EPC capabilities. The collaboration positions both companies to support India's transition toward circular bioeconomy solutions through integrated project delivery and advanced purification technologies.