Organic Recycling Systems Limited has made a disclosure pursuant to Regulation 30 of the SEBI Listing Regulations, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 and Industry Standards on Regulation 30 issued vide SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated February 25, 2025.
The company's wholly owned subsidiary, Solapur Bioenergy Systems Private Limited (SBESPL), has secured two Engineering, Procurement, Construction, Operation and Maintenance (EPCOM) contracts from Bharat Petroleum Corporation Limited (BPCL) for setting up Compressed Bio-Gas (CBG) plants.
Project 1: Mysuru, Karnataka
- Contracting Entity: Bharat Petroleum Corporation Ltd.
- Nature: EPCOM for setting up an organic municipal solid waste-based CBG plant
- Location: Mysuru, Karnataka
- Scope: Domestic project
- Execution Timeline: 15 months from date of Letter of Acceptance (LOA), followed by 5 years of Operations & Maintenance from commissioning
- Contract Value: ₹85.56 Crore including GST
- Related Party Status: No interest by promoter/promoter group/group companies in BPCL; not a related party transaction
Project 2: Raipur, Chhattisgarh
- Contracting Entity: Bharat Petroleum Corporation Ltd.
- Nature: EPCOM for setting up an organic municipal solid waste-based CBG plant
- Location: Raipur, Chhattisgarh
- Scope: Domestic project
- Execution Timeline: 15 months from date of Letter of Acceptance (LOA), followed by 5 years of Operations & Maintenance from commissioning
- Contract Value: ₹81.73 Crore including GST
- Related Party Status: No interest by promoter/promoter group/group companies in BPCL; not a related party transaction
Additional Project Details from Press Release
- Total Contract Value: ₹167.30 crore (~US$17.70 million) including GST for both projects
- Capacity: Mysuru facility - approximately 5 TPD; Raipur facility - approximately 4.8 TPD; Total aggregate capacity - approximately 9.8 TPD
- Contract Dates: Mysuru contract - September 3, 2026; Raipur contract - September 4, 2026
- Feedstock: Organic municipal solid waste for both plants
- Mechanical Completion: Within 12 months of LOA for both projects
- Full Commissioning: Within 15 months of LOA for both projects
- O&M Term: 5 years for both projects
The EPCOM structure gives ORSL responsibility across the entire project lifecycle including engineering, procurement, construction, commissioning and long-term operations. SBESPL will be responsible for plant performance, uptime, preventive and breakdown maintenance, safety compliance and manpower management.
According to Pankaj Tanwar, CEO – Bioenergy, Organic Recycling Systems Limited, these contracts represent a shift from project builder to long-term operational partner with five-year O&M responsibilities.
The contracts strengthen ORSL's relationship with BPCL and add to the company's growing engagement with public-sector oil marketing companies, following recent renewal of its O&M contract for the Gorakhpur CBG plant with Indian Oil Corporation Limited (IOCL).
The projects expand ORSL's geographic presence into Karnataka and Chhattisgarh and strengthen the company's positioning in the organic municipal solid waste-to-CBG segment.
The disclosure includes Annexure A with regulatory requirements and Annexure B containing the press release. The intimation is also available on the company website at https://organicrecycling.co.in/.