Petronet LNG approves 50:50 JV with Gruner for 10 CBG plants
- Petronet LNG approved a 50:50 JV with Gruner Renewable Energy on September 17, 2026
- The venture will establish 10 compressed biogas plants across India
- Each plant will have a capacity of 18 metric tonnes per day
- Total estimated capital outlay for the project is ₹1,200 crore
- The joint entity will be incorporated as a Private Limited Company
*this image is generated using AI for illustrative purposes only.
Petronet LNG Limited approved the incorporation of a 50:50 joint venture with Gruner Renewable Energy Private Limited to establish 10 compressed biogas (CBG) plants, involving an estimated capital outlay of ₹1,200 crore.
The Board of Directors sanctioned the proposal during its meeting held on September 17, 2026. The new entity will be structured as a Private Limited Company.
Joint venture details
The partnership aims to deploy renewable energy infrastructure across India. Each of the 10 planned CBG plants will have a capacity of 18 metric tonnes per day.
The following table summarises the key parameters of the announced joint venture:
| Parameter | Details |
|---|---|
| Partner | Gruner Renewable Energy Private Limited |
| Ownership structure | 50:50 joint venture |
| Number of CBG plants | 10 |
| Capacity per plant | 18 MT/day |
| Total investment | ₹1,200 crore |
| Entity type | Private Limited Company |
Strategic context
Compressed biogas is produced from organic waste and serves as a renewable alternative to conventional natural gas. The move aligns Petronet LNG's existing gas infrastructure expertise with the growing domestic focus on cleaner fuel sources. The joint venture represents a diversification into the renewable energy space for the company.
Further details regarding the joint venture company will be intimated to stock exchanges upon its formal incorporation, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Petronet LNG
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.48% | -0.86% | +0.30% | +0.04% | +1.49% | +21.76% |
How will Petronet LNG leverage its existing gas distribution network to create a competitive advantage for the new CBG plants?
What is the projected timeline for the commissioning of the first CBG plant, and how might delays impact the ₹1,200 crore investment schedule?
How does Gruner Renewable Energy's track record in project execution influence the risk profile of this joint venture?
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