GPS Renewables Targets ₹3,500 Crore Revenue and 100 CBG Plants by FY28
BIOFUELS
GPS Renewables, based in Bengaluru, aims to achieve ₹3,500 crore in revenue by FY28 by expanding its compressed biogas operations to 100 plants, with plans to surpass ₹1,000 crore by FY26. The company is currently executing 30-40 CBG plants in collaboration with oil marketing firms, supported by government initiatives to increase CBG blending. With an estimated capex of $1.2-1.3 billion, GPS Renewables anticipates a public listing after FY28 to enhance financial visibility.

Jan 12, 2026, 12:20 PM