Gruner bags new CBG project orders worth ₹1500 crores

The company has secured multiple contracts for compressed biogas (CBG) plants with a production capacity of 88,000 tons per annum. It aims new ‘Project Order Value’ of Rs 5,000 crores in the current FY 2024-2025.

Gruner Renewable Energy has announced that it has bagged multiple projects worth Rs 1,500 crores for Compressed Biogas (CBG) Plants across India. This feat has been achieved within the first year of its incorporation.

Gruner said that it has secured 11 projects from India’s leading business conglomerate valued Rs 1,100 crores, and 19 other projects, worth Rs 400 crores from individual businesses. Gruner will develop the compressed biogas (CBG) plants, valued at ₹1,500 crores across India, which will collectively contribute to an annual production of over 88,000 tons of compressed biogas for the Indian market.

Gruner said that these CBG 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, “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 started its operations in February 2023 and 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. This will take Gruner to an epitome where it will prove itself as India’s one of the fastest growing companies in the renewable energy industry.

Gruner says that its initiatives are in alignment with the broader national agenda of promoting clean energy and decreasing reliance on fossil fuels. Through strategic investments and partnerships, the company remains committed to advancing India’s renewable energy infrastructure and steering towards a greener future for generations to come.

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