Gruner Renewable Energy Bags Projects Worth ₹1500 Crores For Compressed Biogas Plants – EQ
In Short : “Gruner Renewable Energy secures projects valued at ₹1500 crores for compressed biogas plants, marking a significant step towards sustainable energy solutions and contributing to India’s renewable energy goals.”
In Detail : Gruner Renewable Energy, India’s fastest growing renewable energy company, has recently bagged multiple projects worth Rs 1,500 crores for Compressed Biogas (CBG) Plants across the country, within the first year of its incorporation. This strategic initiative underscores the company’s dedication to driving growth and innovation in the renewable energy landscape while contributing significantly to India’s sustainable development goals.
In a notable development, Gruner secured 11 projects from India’s leading business conglomerate valued Rs 1,100 crores, and 19 other projects, worth Rs 400 crores from individual business leaders. 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. These 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, 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 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 Renewable Energy’s 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.
