Gruner Renewable Energy bags projects worth ₹1,500 crore for Biogas plant

New Delhi: Gruner Renewable Energy, within its first year of operation, has secured multiple projects to establish Compressed Biogas (CBG) plants across India, totaling an investment of ₹1,500 crore.

The projects include 11 assignments valued at ₹1,100 crore from one of India’s leading business conglomerates and 19 additional projects worth ₹400 crore from individual business leaders. These plants are strategically planned across various cities including Ayodhya, Satna, Balasore, Navsari, Yavatmal, Vijayawada, and Rajahmundry, aiming to produce over 88,000 tons of compressed biogas annually for the Indian market.

Utkarsh Gupta, Founder & CEO of Gruner Renewable Energy, stated, "Currently, India satisfies about 85% of its crude oil demands through imports. 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."

Gupta further added, "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.”

To support the operations of these projects, Gruner will increase its workforce by approximately 900 professionals and skilled labor, raising its total number of employees to 2,500 by next quarter.

The company, which started in February 2023, currently oversees a portfolio of 30 ongoing projects nationwide. With a forward-looking approach, Gruner aims to increase its project count to 100, targeting a new order value of ₹5,000 crore by the end of the current financial year.

These initiatives align with the broader national agenda of promoting clean energy and decreasing reliance on fossil fuels, marking significant strides in advancing India's renewable energy infrastructure.