IOC, GPS Renewables Form Sustainable Energy JV

24 Jun 2024 CW Team

Indian Oil Corporation (IOC) and GPS Renewables have announced the formation of a joint venture to develop and implement sustainable energy solutions across India. This collaboration aims to leverage the strengths of both organisations to address the country's growing energy demands with environmentally friendly alternatives.

The joint venture will focus on the production and distribution of compressed biogas (CBG) and other renewable energy solutions. By tapping into organic waste and converting it into CBG, the partnership aims to provide a cleaner, more sustainable energy source that can reduce reliance on fossil fuels and lower greenhouse gas emissions.

IOC, a leader in the energy sector, brings extensive experience in infrastructure and distribution networks to the table, while GPS Renewables, a pioneer in bioenergy technology, contributes its expertise in innovative waste-to-energy solutions. Together, they plan to establish a robust ecosystem for CBG production, including setting up biogas plants and creating efficient supply chains.

This initiative aligns with the Indian government's Sustainable Alternative Towards Affordable Transportation (SATAT) scheme, which promotes the use of CBG as a green fuel alternative. The collaboration also supports India's broader renewable energy goals and commitment to reducing carbon emissions.

The partnership between IOC and GPS Renewables is expected to create numerous economic and environmental benefits, including job creation, waste management improvements, and enhanced energy security. By combining their resources and expertise, the two companies are well-positioned to make significant strides in the renewable energy sector, fostering a cleaner and more sustainable future for India.

Building Material

12 Sep 2025

Trishakti Industries Secures Major Tata Steel Order

Trishakti Industries Limited has secured a significant order from Tata Steel Ltd for the deployment of advanced machinery and skilled manpower at one of the steel major’s flagship project sites.The contract, awarded domestically, involves the hiring of machines along with manpower, with execution set to be completed by 20th September 2025. The initial contract period is 12 months. The total fresh capital expenditure for the project is approximately Rs 1.5 million, while the overall contract value is expected to exceed Rs 5 million inclusive of taxes.This order marks a reinforcement of top-ti..

Kalpataru Projects Secures Rs 27.2 Billion in New Orders

Kalpataru Projects International Limited (KPIL), a leading EPC player in the power transmission and distribution (T&D) and civil infrastructure sector, along with its international subsidiaries, has received new orders and notifications for projects worth approximately Rs 27.2 billion.The projects include:Power Transmission & Distribution (T&D) initiatives in India and overseas.Buildings and Factories (B&F) projects in India.Manish Mohnot, MD & CEO of KPIL, said, “We are delighted with the strong ordering momentum in our T&D and B&F businesses. The orders include ..

ACME Solar Secures Rs 38.92 Billion Financing for Barmer Project

ACME Solar Holdings rose 2.05 per cent to Rs 308.50 after its wholly owned subsidiary, ACME Venus Urja, secured long-term project financing of Rs 38.92 billion from the State Bank of India (SBI).The funds will be utilised for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Barmer, Rajasthan. The loan repayment is structured over 19 years.The Barmer-based FDRE project is contracted with NHPC at a tariff of Rs 4.64 per unit. It will integrate solar power generation with a Battery Energy Storage System (BESS) to ensure higher reliability and d..