IOC GPS Renewables Private Limited (IGRPL) has secured Rs 8.36 billion in debt financing from Indian Bank. The financing is for the execution of 9 compressed biogas (CBG) projects across India. These include the development of four projects in Haryana, three in Uttar Pradesh, one in Chhattisgarh, and one in Andhra Pradesh.
Furthermore, each facility will have the capacity to produce 15 tonnes of CBG per day by using paddy straw as the primary feedstock. All 9 plants are expected to be completed and commissioned in 2026.
Earlier this month, GPS Renewables joined forces with the Council of Scientific and Industrial Research – National Chemical Laboratory for the development of commercial-scale production of sustainable aviation fuel from ethanol.
Furthermore, earlier in April 2025, Bharat Petroleum Corporation Limited and GPS Renewables Private Limited entered into a joint venture agreement to develop CBG plants across India. The partnership aims to establish a series of CBG production facilities using organic biomass waste.
