Organic Recycling Systems inks MoU for Membrane-Based CBG Tech Boost

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AuthorAkshat Lakshkar|Published at:
Organic Recycling Systems inks MoU for Membrane-Based CBG Tech Boost
Overview

Organic Recycling Systems Limited (ORSL) has signed a strategic Memorandum of Understanding (MoU) with SLPP Re-New LLP to bolster Compressed Bio-Gas (CBG) solutions across India. The collaboration focuses on integrating SLPP's advanced membrane purification technology with ORSL's EPC and O&M capabilities, aiming to jointly bid for projects and expand ORSL's clean energy portfolio.

Organic Recycling Systems Partners SLPP Re-New LLP for Membrane-Based CBG Expansion

Organic Recycling Systems Limited (ORSL) reported FY25 Revenue of ₹438 Crores and Net Income of ₹157 Crores.

Reader Takeaway: ORSL enhances CBG tech via SLPP partnership; expansion efforts face tech and regulatory risks.

What just happened (today’s filing)

Organic Recycling Systems Limited (ORSL) announced a strategic Memorandum of Understanding (MoU) with SLPP Re-New LLP on February 26, 2026. This collaboration is designed to significantly strengthen Membrane-Based Compressed Bio-Gas (CBG) solutions within India.

The partnership aims to combine SLPP Re-New's advanced membrane purification technologies for biogas with ORSL's existing expertise in Engineering, Procurement, and Construction (EPC) and Operations & Maintenance (O&M) services.

Both companies intend to jointly bid for government and private sector projects, offering integrated bioenergy solutions that leverage their combined capabilities.

Why this matters

This alliance positions ORSL to enhance its technology portfolio and expand its EPC services, aligning with India's growing focus on clean energy transition and the bioenergy sector.

By integrating cutting-edge membrane technology, ORSL aims to improve the efficiency, scalability, and long-term performance of bioenergy projects it undertakes.

The backstory (grounded)

ORSL has been actively pursuing strategic partnerships and capacity expansion in the bioenergy domain. In January 2026, the company signed an MoU with Indraprastha Gas (IGL) to jointly develop CBG projects across India and acquired Industrial Associates Partnership Firm for ₹14.83 Crores to bolster its biogas catalyst business. [4, 5]

Earlier, in November 2025, ORSL had inked a similar MoU with Punjab Renewable Energy Systems for developing biogas and CBG projects. [6]

Furthermore, ORSL secured a significant EPC contract in February 2026 valued between ₹50-100 Crores for a 10 TPD CBG project in Madhya Pradesh, which is part of a larger ₹500-600 Crore plan to deploy 10 such projects in the state. [16, 23]

What changes now

  • ORSL will gain access to SLPP Re-New's specialized membrane-based biogas purification technology.
  • The combined entity will be better positioned to bid competitively for larger and more technologically advanced CBG projects.
  • ORSL's service offerings will expand, integrating advanced purification alongside its existing EPC and O&M capabilities.
  • The partnership aims to accelerate the deployment of efficient bioenergy solutions, contributing to India's renewable energy targets.

Risks to watch

Organic Recycling Systems Limited (ORSL) has noted that technological risks, government actions, and local political or economic developments could lead to outcomes differing from forward-looking statements.

Additionally, in November 2024, ORSL received a Service Tax demand order for ₹1.69 Crores, plus interest and penalty, from the CGST & C. Excise office. The company considers the order time-barred and is evaluating appeal options, stating no significant financial impact is expected. [24]

Peer comparison

Major players in India's compressed biogas market include Bharat Petroleum, Indian Oil, Reliance Industries, and Praj Industries, all actively pursuing capacity expansion and project development. Reliance, for instance, plans to invest INR 5,000 crore to set up over 50 CBG plants. [1, 2, 17]

ORSL's peers in waste management include companies like Eco Recycling and Antony Waste Handling Cell, while in the broader bioenergy technology space, Praj Industries is known for its advanced RenGas® technology. [3, 17]

Context metrics (time-bound)

  • ORSL's FY25 Revenue stood at ₹438 Crores, with a Net Income of ₹157 Crores.
  • ORSL's Net Profit Margin on a TTM basis was 37.52% as of the latest reported period.
  • ORSL's Debt-to-Equity ratio was 36.00%.

What to track next

  • ORSL and SLPP Re-New LLP's progress in joint bidding activities for government and private sector CBG projects.
  • The success of integrating SLPP's membrane technology into ORSL's project execution framework.
  • Any further strategic partnerships or technology collaborations ORSL might pursue in the bioenergy space.
  • The company's response and resolution regarding the Service Tax demand order received in November 2024.
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