Gruner bags Rs. 1,500 Cr compressed biogas plants projects
Gruner Renewable Energy has recently bagged multiple projects worth Rs 1,500 crore for Compressed Biogas (CBG) Plants, which would collectively contribute to an annual production of over 88,000 tonnes of CBG for the Indian market. These projects are located across various cities, including Ayodhya (Uttar Pradesh), Satna (Madhya Pradesh), Balasore (Odisha), Navsari (Gujarat), Yavatmal (Maharashtra), Vijayawada, and Rajahmundry (Andhra Pradesh), and others.
“Gruner secured 11 projects from India’s leading business conglomerate valued Rs 1,100 crore, and 19 other projects, worth Rs 400 crore from individual business leaders,” the company said in a statement.
Utkarsh Gupta, Founder & CEO, Gruner Renewable Energy, emphasized the company’s commitment to combating climate change and driving economic growth through sustainable solutions, stating, “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”.
The company, which started its operations last year in February 2023, currently oversees a portfolio of 30 ongoing projects, nationwide. The company aims to augment its project count to 100, aiming new order value to Rs. 5,000 crore by the end of the current financial year.
Gruner also plans to add around 900 professionals and skilled labour taking its workforce to a total of 2,500 employees including site workers by next quarter.
