Praj Industries Approves ₹100 Crore BPCL CBG Joint Venture

Summary of Key Information:

Nature of Filing / Announcement: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Corporate Actions:

The Board of Directors has given in-principle approval to invest up to ₹100 crore in a Joint Venture Company (JVC) with Bharat Petroleum Corporation Ltd. (BPCL).

The purpose of the joint venture is for setting up Compressed Bio Gas (CBG) plants across India.

This approval was communicated through letter no. PIL/ANB/L-129/2024-25 dated 30th January 2025 and formalized in the current filing.

Other Significant Information:

The investment represents a strategic expansion into renewable energy infrastructure through partnership with a major oil marketing company.

The joint venture will focus on establishing CBG plants nationwide, supporting India's bioenergy development.