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.
Analysis Scores
Earnings Impact6/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk4/10
Liquidity Impact7/10
Market Sentiment5/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Petronet LNG Ltd - 532522 - Announcement under Regulation 30 (LODR)-Joint Venture
Attachments (1)
📄pdf
Download →
bb8251cc-2597-4c81-9843-e9259a39e4e3.pdf
View document text
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