BSECompany Update1d ago · 22 Oct 2026, 06:14 pm

intimation regarding binding term sheet signed on 22.10.2026 between PLL and Gruner Renewable Energy Private Limited for formation of joint venture company for setting up CBG plants in various states across India is attached herewith.

Petronet LNG Ltd · 532522

✦ AI SummaryJoint Venture

Petronet LNG Ltd has signed a binding term sheet with Gruner Renewable Energy Private Limited to form a joint venture company for setting up Compressed Bio-Gas (CBG) plants in various states across India. The joint venture will have 50:50 equity participation and will establish 10 CBG plants each of 18 MT per day capacity with an estimated capital outlay of Rs. 1,200 crore.

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Earnings Impact6/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk4/10
Liquidity Impact7/10
Market Sentiment5/10

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Petronet LNG Ltd - 532522 - Announcement under Regulation 30 (LODR)-Joint Venture

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Petronet LNG Limited Regd. Office: Fourth Floor, Tower-I, World Trade Center, Nauroji Nagar, New Delhi - 110029 Phone: 011-71233525 CIN: L74899DL1998PLC093073 Email: investors@petronetlng.in, Company’s website: www.petronetlng.in ND/PLL/SECTT/REG. 30/2026 22nd October 2026 The Manager The Manager The Bombay Stock Exchange Ltd. National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex Dalal Street, Mumbai – 400 001 Bandra East, Mumbai – 400 051 Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Binding term sheet between PLL and Gruner Renewable Energy Private Limited Dear Sir/Madam, Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the following is hereby informed that a binding term sheet has been signed on 22nd October 2026 for formation of Joint Venture between Petronet LNG Limited (Company/ PLL) and Gruner Renewable Energy Private Limited for setting up CBG plants in various states across India. The information required is as under: Sl. Particulars Details Binding Agreement: 1 Name(s) of parties with whom the Gruner Renewable Energy Private Limited agreement is entered 2 Purpose of entering into the To carry on the business of Compressed Bio-Gas agreement (CBG), feedstock procurement, produce, manufacture, process, compress, distribute, store, transport, supply, trade and sell Compressed Bio- Gas (CBG) and all associated by-products and setting up, developing, establishing, operating, maintaining, and commissioning of CBG plants for above purpose and venturing into any other business opportunity related with bioenergy etc. A JV company to establish 10 CBG plants each of 18 MT per day capacity across the country with an estimated capital outlay of Rs. 1,200 crore. Dahej LNG Terminal: Kochi LNG Terminal: GIDC Industrial Estate, Plot No. 7/A, Dahej Survey No. 347, Puthuvypu Taluka Vagra, Distt. Bharuch – 392130, Gujarat P.O. 682508, Kochi, Kerala Tel.: 02641-257249 Tel.· 0484-2502268 Petronet LNG Limited Regd. Office: Fourth Floor, Tower-I, World Trade Center, Nauroji Nagar, New Delhi - 110029 Phone: 011-71233525 CIN: L74899DL1998PLC093073 Email: investors@petronetlng.in, Company’s website: www.petronetlng.in 3 Shareholding, if any, in the entity No shareholding with whom the agreement is executed 4 Significant terms of the agreement JV would be formed in form of Private Limited (in brief) special rights like right to company with 50:50 equity participation appoint directors, first right to between Petronet LNG Limited and Gruner share subscription in case of Renewable Energy Private Limited. issuance of shares, right to restrict any change in capital structure etc. Number of representing Board of Directors from each Party shall be in proportion to its equity shareholding in the JV Company. 5 Whether, the said parties are No. related to promoter/promoter group/ group companies in any manner? If yes, nature of relationship Not applicable. 6 Whether the transaction would fall No. within related party transactions? If yes, whether the same is done at Not applicable. “arm’s length” 7 In case of issuance of shares to the Not applicable parties, details of issue price, class of shares issued 8 Any other disclosures related to Not applicable such agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc. 9 In case of termination or Not applicable amendment of agreement, listed entity shall disclose additional details to the stock exchange(s): Dahej LNG Terminal: Kochi LNG Terminal: GIDC Industrial Estate, Plot No. 7/A, Dahej Survey No. 347, Puthuvypu Taluka Vagra, Distt. Bharuch – 392130, Gujarat P.O. 682508, Kochi, Kerala Tel.: 02641-257249 Tel.· 0484-2502268 Petronet LNG Limited Regd. Office: Fourth Floor, Tower-I, World Trade Center, Nauroji Nagar, New Delhi - 110029 Phone: 011-71233525 CIN: L74899DL1998PLC093073 Email: investors@petronetlng.in, Company’s website: www.petronetlng.in a) name of parties to the agreement; b) nature of the agreement; c) date of execution of the agreement; d) details of amendment and impact thereof or reasons of termination and e) impact thereof. This is for information and records please. Yours faithfully, (Rajan Kapur) GGM & President - Company Secretary Dahej LNG Terminal: Kochi LNG Terminal: GIDC Industrial Estate, Plot No. 7/A, Dahej Survey No. 347, Puthuvypu Taluka Vagra, Distt. Bharuch – 392130, Gujarat P.O. 682508, Kochi, Kerala Tel.: 02641-257249 Tel.· 0484-2502268