COMPRESSED BIO GAS PLANTS
These 5 energy stocks can give more than 18% returns in one year
Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Volatility ahead, time to look at boring utility stocks? 4 stocks from the natural gas sector with an upside potential of upto 26%
Gas stocks have been underperforming the market for a while. Several factors contribute to this, including stagnant volume growth, companies struggling to expand into new areas, and the latest challenge from electric vehicles (EVs). An announcement about aggressively promoting EVs in Delhi bought additional pressure on stocks like IGL. While EVs are expected to dominate in the future, does this spell the end for gas companies? Probably not. There are still many other uses for gas, and the negative narrative might be overstated. Additionally, these companies have strong cash reserves and cash flows from their existing businesses, which they can use to explore new opportunities within the EV ecosystem. Also at time when volatile market conditions, these stocks tend to weather the storm better.
ONGC to form an equal JV with EverEnviro to build 10 CBG plants
Oil and Natural Gas Corp (ONGC) and EverEnviro Resource Management Pvt Ltd are joining forces to construct 10 compressed biogas (CBG) plants, leveraging various feedstocks to reduce CO2 emissions by 7.5 lakh tons annually. ONGC, transitioning into the renewables sector, plans to establish solar, wind, and biofuel facilities alongside acquiring renewable projects. This strategic partnership signifies a pivotal step towards advancing renewable energy production in India.
REnergy Dynamics enters renewable energy space, eyes Rs 5,000 crore order book by 2029
REnergy Dynamics (RED) announced its entry into the renewable energy sector with plans to achieve an order book of Rs 5,000 crore by 2029, currently holding projects worth Rs 575 crore. The company aims to secure orders through large-scale bioenergy projects, EPC services to renewable energy developers, feedstock aggregation for CBG projects, and manufacturing of biogas plant components.
Big electoral bond buyer Megha Engineering to sell city gas business
Megha City Gas Distribution (MCGDPL), a wholly-owned subsidiary, has decided to consolidate operations and reached out to state-run Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Indraprastha Gas, among other players. It ventured into city gas distribution under the brand name Megha Gas in 2015 and continued to operate as MEIL till FY22.
Numaligarh Refinery, Oil India setting up several compressed bio-gas plants in north east
Collaboration with Urban Local bodies for municipal solid waste collection has been initiated, said C&MD, OIL and Chairman NRL Dr. Ranjit Rath while speaking as at the Technical Symposium on ‘Creating Wealth from Waste: Role of Startup and New Enterprises’ organized by Pollution Control Board of Assam in Guwahati.
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Get your portfolio ready for election results: Hedge the re-rated oil and gas sector stocks
Right from power, railways, PSU banks, sectoral lenders to oil and gas there are many sectors which have made a comeback in the last 10 years. Comeback both in the real business sense, where the operating matrix and fundamentals of the sector have improved which has led to better performance. Also a comeback on valuation front, where the stocks which were quoting at a price earning multiple of single have been now consistently quoting in high double multiples. A number of them have seen this transformation due to a stable policy environment, policy push and policy cleanup which the government has undertaken in the last ten years. The consensus estimate of the street is that policy continuity is the most critical thing for the re-rating to continue. In this new series, we take a different sector and how much they are dependent on government policy and how investors can protect their portfolio from any sudden decline.
BPCL to invest Rs 1.7 lakh cr in core, new energy business
BPCL, which owns three refineries that convert crude oil extracted from below earth's surface into fuels like petrol and diesel, plans to expand refining capacity to 45 million tonnes per annum by March 2029 from current 35.3 million tonnes, he said.
These 4 energy stocks can give more than 23% returns in one year
Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Adani Total Gas shares jump 8% after subsidiary commissions biogas plant in Mathura
Adani Total Gas shares rose 8% on NSE to Rs 1,000 after its subsidiary, Adani Total Energies Biomass Limited, commissioned phase 1 operations at Barsana Biogas Plant in Mathura. The plant will process waste to generate CBG and organic fertiliser.
Compressed bio gas plants to be set up in Raipur, Bhilai; initial pact with BPCL signed
As per the pact, BPCL- a central PSU, will set up CBG plants in Raipur and Bhilai with an investment of around Rs 100 crore and the capacity of each plant will be 100-150 tonne per day.
Uttar Pradesh soon to have 100 CBG plants: Union minister Puri
Union Petroleum Minister Hardeep Singh Puri announced Uttar Pradesh's plans to have 100 compressed bio-gas (CBG) plants soon, highlighting their role in environmental conservation and farmers' income. Indian Oil's newly inaugurated CBG plant in the state, with an investment of Rs 165 crore, will use agricultural residue, press mud, and cow dung to produce bio-gas and organic fertilizer. Puri also mentioned plans for green hydrogen plants in Sonbhadra district and praised the Ujjwala scheme for providing free gas connections to 10 crore women.
Tata Motors' Sanand plant crosses 1 million car rollout milestone
Tata Motors' Sanand plant in Gujarat, India, reached a significant milestone by producing its 1 millionth car. Established 14 years ago, the plant initially focused on small car production but has since transitioned to producing electric vehicles (EVs) and compressed natural gas (CNG) cars. The plant's success reflects Tata Motors' commitment to innovation and sustainability in the automotive industry.
RIL plans to spend Rs 5,000 crore on Compressed Biogas Plants (CBG)
Reliance Industries Ltd (RIL) plans to set up over 50 compressed biogas (CBG) plants in the next two years. CBG is a green fuel similar to CNG. RIL aims to reduce carbon emissions, produce organic manure, and retail CBG and bio-CNG at Jio-BP outlets.
Indian Biogas Association pitches for Rs 30k cr investment for compressed biogas plants
Indian Biogas Association Chairman Gaurav Kedia pointed out that there are obstacles to procurement, such as unappealing economics, which makes farmers prefer to burn rather than sell off the field straw promptly.
Jio-BP to add 250 fuel retail outlets this year, double EV charging points
Reliance BP Mobility Limited (RBML), the joint venture between Reliance Industries and BP, plans to expand the retailing of compressed bio-gas (CBG) and Bio-CNG (B-CNG) to 200 outlets. Currently retailing in western India, the company aims to have 1950 fuel retail outlets, including 250 additions by the end of 2024.
Indraprastha Gas Ltd plans to set up 19 compressed biogas plants
Indraprastha Gas Ltd (IGL) announced plans to establish 19 compressed biogas (CBG) plants to integrate with its city gas distribution network. According to the company's statement, IGL has entered into preliminary agreements with two technology partners to set up these plants across Delhi, Haryana, Rajasthan, and Uttar Pradesh.
Budget 2024: A shot in the arm for green energy initiatives
In the Interim Budget, Finance Minister Nirmala Sitharaman introduced financial assistance for the procurement of biomass aggregation machinery to facilitate compressed bio gas (CBG) production. This measure aims to address the funding challenges faced by entrepreneurs looking to establish CBG operations.
VA Tech Wabag & Peak Sustainability Ventures to set up 100 bio-CNG plants
VA Tech Wabag Limited (WABAG) has signed an agreement with Peak Sustainability Ventures (Peak) to establish 100 Bio-CNG plants in India, GCC, Africa, and Europe. The collaboration aims to generate over 73 Million Kgs of Bio-CNG per annum, reducing the need for fossil fuels. Wabag will be responsible for execution, commissioning, and operation of the plants, while Peak will provide energy-related inputs and assist in raising capital.
100 new biogas plants soon to be established in UP: Hardeep Puri
Union Petroleum Minister Hardeep Singh Puri announced the establishment of 100 new biogas plants in Uttar Pradesh. A new compressed biogas plant was inaugurated in Budaun, with the foundation stone being laid for new plants in eight other districts. The Budaun plant, developed on 50 acres with an investment of about Rs 135 crore, will produce 14 tonne of compressed biogas daily.
Solidify the huge biogas potential
Till June 1, 2022, 3,263 letters of intent (LoIs) were issued to entrepreneurs, of which only 35 were completed. By August 2023, public oil and gas companies cancelled 87 LoIs. The good news is that in the last quarter, nearly half a dozen public and private energy companies have announced plans to set up over 100 CBG plants in the next few years. Reliance Industries (RIL) plans to set up 100 CBG plants in the next five years. But there are challenges.
GAIL, TruAlt Bioenergy announce $72 million investment through CBG joint venture
GAIL India and truAlt Bioenergy Limited, an ethanol producer in India, have signed a term sheet for GAIL's 49% equity participation in TruAlt's joint venture company Leafinti Bioenergy Limited, which owns and operates India's second compressed bio gas (CBG) plant, with TruAlt Bioenergy holding 51%.
Reliance Industries Ltd and DBS Bank partner to finance CBG projects
Reliance Industries has partnered with DBS Bank India to launch a financing program for compressed biogas (CBG) plants. The collaboration aims to facilitate the development of an ecosystem for vendor partners to aggregate agricultural residue as inputs for Reliance's CBG production plants across India. The financing program is designed to make the CBG supply chain competitive and achieve enhanced commercial scale.
Government makes biogas blending mandatory
The government on Saturday announced compulsory blending of compressed biogas, which is extracted from municipal and agriculture waste, in natural gas to cut reliance on imports. Initially, 1 per cent of biogas will be blended in gas used in automobiles and household kitchens for cooking from April 2025, a government statement said. The share will be increased to around 5 per cent by 2028.
L&T bags offshore project worth Rs 15,000 cr in Middle East for gas compression plant
Larsen & Toubro has bagged an offshore project for a gas compression plant worth over Rs 15,000 crore in the Middle East. The scope of work includes procurement and construction for a gas processing plant, consisting of inlet separation facilities and booster compression system, among others, in new onshore facilities and its integration with existing gas processing plants.
L&T bags new order worth Rs 7,000 cr from Middle East
Larsen and Toubro's (L&T) energy hydrocarbon arm has secured a contract worth over Rs 7,000 crore from a client in the Middle East. The project involves the engineering, procurement, and construction of gas compression plants, as well as the establishment of three extra-high-voltage substations.
RIL, Adani Total Gas planning plants for compressed biogas
RIL did not respond to an email query sent. Adani Total Gas spokesperson in an emailed response said that the company plans to set up five CBG plants in the next five years at strategic locations. Currently, a plant with capacity of 600 tonnes per day is under construction in Uttar Pradesh and is expected to begin CBG production by this financial year-end.
MGL to set up compressed biogas (CBG) plant in Mumbai with BMC
MGL will set up the plant on a plot of land to be provided by BMC, which will be responsible for the daily supply of required feedstock for the CBG plant The Compressed Biogas produced by the plant will be consumed within BMC limits.
Jio-BP to sell bio-CNG, compressed biogas
"Jio-bp is actively working on setting up CBG/bio-CNG retailing at its collocated fuel retail outlets and our first outlet is likely to come up soon," Jio-bp told ET in an emailed response.
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