Gruner Renewable Energy, one of the leading players in India’s renewable energy sector, has announced the successful acquisition of multiple contracts totalling ₹1500 crores for the development of Compressed Biogas (CBG) Plants. This milestone achievement comes within the company’s first operational year, marking a significant stride towards enhancing India’s sustainable energy infrastructure.
Gruner Renewable Energy has been awarded 11 projects valued at ₹1100 crores from one of India’s leading business conglomerates, alongside 19 other projects from various industry leaders, cumulatively worth ₹400 crores. These projects are set to bolster the national production of compressed biogas with an annual output exceeding 88,000 tons.
The CBG plants will be strategically distributed across multiple Indian cities including Ayodhya, Satna, Balasore, Navsari, Yavatmal, Vijayawada, and Rajahmundry, enhancing regional access to renewable energy resources and contributing to local economies. In preparation for the operational demands of these projects, Gruner plans to increase its workforce by 900, bringing the total number of employees to 2,500. This expansion will occur across various locations, including their corporate office in NOIDA, NCR.
Gruner Renewable Energy is Committed to India’s Sustainable Energy Future
Utkarsh Gupta, Founder & CEO of Gruner Renewable Energy, commented on the expansion, “Our commitment to supporting India’s transition to a sustainable energy future is demonstrated through these projects. Not only do they aim to reduce national crude oil import costs by INR 8 billion, but they also provide substantial economic benefits to local farmers and the energy sector workforce. Our vision aligns with India’s long-term goals of achieving a net-zero economy by 2070.”
Since its inception in February 2023, Gruner Renewable Energy has quickly established itself as a significant player in the renewable sector. The company currently manages a portfolio of 30 ongoing projects and is on track to increase this number to 100 by the end of FY 2024-2025, targeting a new project order value of INR 5,000 crores.
Founded in February 2023 and headquartered in Noida, NCR, Gruner Renewable Energy specializes in the development of environmentally sustainable energy solutions. Utilizing cutting-edge German technology, Gruner provides comprehensive solutions for CBG plant setups, emphasizing efficiency, cost-effectiveness, and quality. With over 30 projects already in its portfolio, Gruner is committed to advancing India’s renewable energy capabilities and fostering a sustainable and eco-friendly future.