Petronet LNG532522JV deal update
Binding term sheet signed with Gruner Renewable Energy for a CBG joint venture
Petronet LNG signed a binding term sheet on 22 October 2026 with Gruner Renewable Energy Private Limited to form a joint venture company.
By ScoutQuest · · 1 min read
- Planned JV Plants
- 10 CBG plants
- Capacity per Plant
- 18 MT per day
- Estimated Capital Outlay
- Rs. 1,200 crore
What was signed
- Petronet LNG Ltd (PLL) has signed a binding term sheet with Gruner Renewable Energy Private Limited.
- The term sheet was signed on 22 October 2026.
- The purpose is to form a joint venture company for setting up compressed bio-gas (CBG) plants in various states across India.
What the joint venture will do
- Carry on the business of CBG: feedstock procurement, production, manufacturing, processing, compressing, distribution, storage, transport, supply, trading and sale of CBG and its associated by-products.
- Set up, develop, establish, operate, maintain and commission CBG plants, and venture into other bioenergy business opportunities.
The plan in numbers
- The JV company is to establish 10 CBG plants, each of 18 MT per day capacity, across the country.
- Estimated capital outlay for this: Rs. 1,200 crore.
How the JV is structured
- The JV would be formed as a private limited company with 50:50 equity participation between Petronet LNG Limited and Gruner Renewable Energy Private Limited.
- The number of directors each party nominates to the board will be in proportion to its equity shareholding in the JV company.
Other points disclosed
- Petronet LNG has no shareholding in Gruner Renewable Energy Private Limited.
- The parties are not related to each other's promoter, promoter group or group companies.
- The transaction does not fall within related party transactions.
What a retail investor may note
- This is a binding term sheet for a joint venture; the vehicle described is a JV company with equal equity participation, and the plant build-out is described in terms of 10 plants at 18 MT per day each.
- The Rs. 1,200 crore figure is described as an estimated capital outlay for the plan.
Also from Petronet LNG
Board meeting on 2 November 2026 to consider Q2/H1 results and interim dividend for FY 2026-27
23 Oct 2026
Board to consider interim dividend for FY 2026-27 at meeting on 2 November 2026
23 Oct 2026
Petronet LNG formed a joint venture with Gruna Renewable for a CBG plant across India
23 Oct 2026
More numbers
- Estimated capital outlay for the JV's CBG plantsRs. 1,200 crore
- Number of CBG plants planned by the JV company10
- Capacity of each CBG plant18 MT per day
- Equity participation split between the two partners50:50
Source: BSE · 22 Oct 2026
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.