
Bharat Petroleum Corporation Limited (BPCL) and Praj Industries Limited have entered into a strategic joint venture (JV) to establish Compressed Bio Gas (CBG) plants across India. Both companies will hold an equal 50% stake in the JV, which aims to support BPCL’s energy transition goals and fulfill CBG blending mandates set by the government.
The JV will be responsible for constructing, operating, and maintaining CBG plants across the country, along with selling CBG and its derivatives. This initiative is part of BPCL’s commitment to clean energy and its net-zero emissions target. Further details, including the authorized share capital and final consideration, will be disclosed upon signing the definitive agreement, subject to regulatory approvals.
Key Highlights:
- JV Partners: BPCL and Praj Industries Limited
- Joint Venture Stake: 50% BPCL, 50% Praj
- Objective: To build and operate CBG plants across India
- Target: Meet CBG blending mandates and aid BPCL’s energy transition
- Business Scope: CBG production, operation, and sales
- Regulatory Approvals: Final details subject to approval
This JV marks a significant step toward sustainable energy solutions, meeting the growing demand for eco-friendly fuel alternatives and contributing to India’s renewable energy transition.