Regulatory Disclosure Details
Contract Details
Solapur Bioenergy Systems Private Limited (SBESPL), a Wholly Owned Subsidiary of Organic Recycling Systems Limited, has secured its 5th large-scale contract from Bharat Petroleum Corporation Limited (BPCL). The contract is for Engineering, Procurement, Construction, Operation and Maintenance (EPCOM) of an organic municipal solid waste-based Compressed Biogas (CBG) plant at Bhilai, Chhattisgarh.
Significant Terms and Conditions
The contract shall be executed in accordance with the terms and conditions stipulated in the Letter of Acceptance and applicable tender documents.
Time Period Specifications
- Commissioning must be completed within 15 months from the date of Letter of Acceptance (LOA)
- Performance Guarantee Testing and Review (PGTR) must be completed within 3 months from commissioning date or within 18 months from LOA date
- Followed by 5 years of Operation & Maintenance from commissioning
Commercial Consideration
The contract is classified as "Large-Scale" with value falling in the range of ₹50-100 crore as per the company's classification system:
- Big-scale: Up to ₹50 crore
- Large-scale: ₹50-100 crore
- Major-Scale: ₹100 crore and above
Cumulative Impact
This contract brings the cumulative BPCL order book to ₹350-500 crore across all contracts.
Related Party Considerations
The promoter/promoter group/group companies have no interest in BPCL. This does not qualify as a related party transaction.
Project Scope
The contract encompasses comprehensive development including project management, licensing, basic and detailed engineering, procurement, construction, fabrication, transportation, installation, testing, statutory approvals, commissioning and performance guarantee testing.
Strategic Significance
The project represents a significant milestone in SBESPL's expanding Bioenergy Project Development and EPCOM business, strengthening capabilities in delivering integrated waste-to-energy infrastructure.
Technology and Output
The facility will process organic municipal solid waste to produce compressed biogas, supporting waste conversion into useful energy resource.
Management Commentary
Mr. Pankaj Tanwar, CEO – Bioenergy of ORSL, commented that the project represents an important opportunity to demonstrate capabilities across the EPCOM value chain and aligns with the company's focus on developing reliable waste-to-energy solutions.
Business Verticals Disclosure
The company operates four strategic business verticals:
1. Project Development & Technology Licensing
2. Product Vertical (bio-based products like CBG, organic manure)
3. Consulting Vertical (environmental strategy advisory)
4. O&M Vertical (troubleshooting and maintenance services)