Gruner Renewable Energy Secures $60M for CBG Expansion

Gruner Renewable Energy announced on Monday that it has raised USD 60 million. The funds will help the company establish new Compressed BioGas (CBG) plants across India. Founder & CEO Utkarsh Gupta emphasized that the investment from like-minded partners is crucial for promoting a circular economy and sustainable development.

Gruner Renewable Energy revealed on Monday that it has secured a funding of USD 60 million, aimed at bolstering its presence in the green energy sector.

The company plans to utilize the funds to establish new Compressed BioGas (CBG) plants across India, according to a company statement.

This significant financial injection will support Gruner Renewable Energy's mission to expand its CBG projects in India. Founder & CEO Utkarsh Gupta highlighted that such investment from like-minded partners is essential for driving the transformation towards a circular economy and sustainable development.

(With inputs from agencies.)