Imagine 40x revenue jump in a year! 🚀🚀 That’s only possible if there is a sudden burst of business activity in your sector. And this mostly happens when some Govt announces a policy push or a major private sector giant announces a major new business expansion. And in the case of Gruner Renewable Energy, those two factors have come out in tandem! Let’s learn in detail! .. Reliance has announced plans to operationalise 100 compressed biogas (BBG) plants pan-India in a five-year timeframe. And of this, work has already been tendered out for 50. And 11 of those are being built by Gruner! .. Of the 11 plants, Gruner is almost set to deliver the first plant in Surat. This one, built with a Rs 220cr investment will process 16k tonnes of biomass and waste a year. And the CBG produced will be blended with CNG and dispensed to vehicles at Jio-bp fuel pumps! .. And the orders aren’t slowing down for Gruner. Given that the Govt has mandated a phased timeline for 5% CBG blending into CNG and PNG, there is a raging demand for more CBG plants to be built. And this has got all the big names, BPCL, ONGC, Adani, Reliance, IOCL and so on and on into this frenzy. .. This sort of reminds me of the time when Praj Industries grew manifold in no time. It benefited from a similar policy push from the Govt in favour of ethanol blending. And Gruner is benefiting the same way. The only grouse? While Praj was listed then, Gruner is not :) .. Meanwhile, just to be clear about a thing. Praj developed and deployed its own technology. Meanwhile, Gruner is itself a newbie 1.5-year-old firm which is deploying CBG production technology developed by a German leader in the space, called BioEnergy. Thus, Praj’s rise was much sweeter for me. What do you think?
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