Petronet LNG approves JV with Gruner Renewable Energy for 10 CBG plants
Petronet LNG Ltd · Gas
What the filing says
- Board approved on 17th September 2026 to incorporate 50:50 JV with Gruner Renewable Energy Pvt Ltd
- JV to establish 10 Compressed Bio-Gas (CBG) plants, each with 18 MT/day capacity across India
- Estimated capital outlay for the project is ₹1,200 crore
Why it's rated notable: The Board approved a proposal to incorporate a 50:50 joint venture with an estimated capital outlay of Rs. 1,200 crore, which is at least medium by the ₹500 crore rule, but the joint venture is not yet incorporated, so the event is non-binding and cannot be high.
Original filing
Approval Of Proposal For Incorporation Of 50:50 Joint Venture Company Between PLL And Gruner Renewable Energy Private Limited
Read the filing on BSE (PDF) →Companies guiding to strong growth
Ranked by management's own guidance on revenue and margins — not by us.
Electrical Equipment
Sign up free to see all 6 →
See full rankingsRank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
More from Petronet LNG Ltd
- Acquisition / mergerPetronet LNG signs binding term sheet with Gruner Renewable for CBG JV
Other acquisition / merger filings this fortnight
- Acquisition / mergerSwelect EnergySwelect Energy Systems to acquire 100% shares of Sushma Solar Energy Pvt Ltd
- Acquisition / mergerUgro Capital LtdUGRO Capital Ltd announces NCLT hearing date for amalgamation scheme with Profectus
- Acquisition / mergerCyient LtdCyient Limited announces Q2 and H1 FY27 financial results and corporate updates
- Acquisition / mergerSagilitySagility Limited reports Q2 FY27 financial results and declares interim dividend
- Acquisition / mergerShyam MetalicsShyam Sel and Power Ltd seeks NCLT approval for scheme to amalgamate Shree Venkateshwara Electrocast Pvt Ltd
- Acquisition / mergerJindal Stainless LtdJindal Stainless Limited approves Q2 FY27 financial results and merger scheme
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.