Bharat Petroleum Corporation Limited — Important, 23-04-2025: Arrangements for strategic, technical, manufacturing, or marketing tie up

Bharat Petroleum Corporation Limited has signed a joint venture agreement with GPS Renewables Private Limited to establish Compressed Biogas (CBG) plants across India. This partnership will see BPCL and GPS each holding a 50% stake in the new venture, which will focus on constructing, operating, and maintaining CBG facilities. The initial capital for the joint venture is set at ₹8 Crore, with both parties contributing equally. This initiative aligns with BPCL's goal of meeting CBG blending obligations and supports its energy transition and net-zero initiatives. Investors should view this development as a strategic move that enhances BPCL's position in the renewable energy sector, presenting a positive outlook for growth opportunities.