Mumbai, April 2 -- The order involves the establishment of a 200 TPD Municipal Solid Waste-based Bio-CNG plant in Salem under the Public-Private Partnership (PPP) mode. The project will be executed on a design, build, finance, operate, and transfer (DBFOT) basis for a period of 20 years, as per the Letter of Acceptance dated 28 March 2025, received by the company on 1 April 2025.

The scheduled commissioning date (SCD) for the full capacity of the project is set for 19 months from the date of the concession agreement, which is expected to be signed within 30 days from the date of the LOA. The total project cost is estimated at Rs 65.07 crore.

The company also clarified that the contract does not involve any related party transactions and...