{"url":"https://newsforagent.com/news/2026-10-22/organic-recycling-systems-mahanagar-gas-cbg-mou","markdown_url":"https://newsforagent.com/news/2026-10-22/organic-recycling-systems-mahanagar-gas-cbg-mou.md","title":"Organic Recycling Systems signs Mahanagar Gas CBG MoU","headline":"Organic Recycling Systems signs non-binding CBG MoU with Mahanagar Gas for two states","description":"Organic Recycling Systems signed a non-binding MoU with Mahanagar Gas to explore compressed biogas projects in Maharashtra and Karnataka.","section":"Partnerships","published_at":"2026-10-22T03:49:26+00:00","modified_at":"2026-10-22T03:49:26+00:00","author":"News Desk","key_takeaways":["Organic Recycling Systems signed a non-binding MoU with Mahanagar Gas Limited covering compressed biogas projects in Maharashtra and Karnataka.","The scope covers feasibility assessments, techno-commercial evaluation, project development and potential CBG offtake from agricultural waste and the organic fraction of municipal solid waste.","Mahanagar Gas is a listed entity with an approximate market capitalisation of ₹10,000 crore, and no consideration or definitive investment commitment is specified under the MoU."],"companies":[{"name":"Organic Recycling Systems","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0003mb9/organic-recycling-systems","website":"https://organicrecycling.co.in"},{"name":"Mahanagar Gas","is_primary":false,"profile_url":"https://akta.pro/company-profiles/0005re4/mahanagar-gas","website":"https://www.mahanagargas.com"}],"source":{"publisher":"ScanX","title":"Organic Recycling Systems signs MoU with Mahanagar Gas for CBG projects","url":"https://scanx.trade/stock-market-news/companies/organic-recycling-systems-signs-mou-mahanagar-gas-cbg-projects/54183961"},"other_sources":[],"tags":["Partnerships","Organic Recycling Systems","Mahanagar Gas"],"body_markdown":"[Organic Recycling Systems](https://akta.pro/company-profiles/0003mb9/organic-recycling-systems) Limited has entered into a non-binding Memorandum of Understanding with [Mahanagar Gas](https://akta.pro/company-profiles/0005re4/mahanagar-gas) Limited to explore compressed biogas opportunities in Maharashtra and Karnataka, with no definitive investment commitment specified. [ScanX](https://scanx.trade/stock-market-news/companies/organic-recycling-systems-signs-mou-mahanagar-gas-cbg-projects/54183961) reported the agreement on October 22, 2026.\n\n## What the Organic Recycling Systems MoU Covers\n\nThe agreement provides a framework for evaluating potential CBG projects, including feasibility assessments and potential offtake arrangements. The scope covers CBG projects using agricultural waste, the Organic Fraction of Municipal Solid Waste and other organic feedstocks. Activities will include techno-commercial assessment, project development and potential CBG offtake.\n\nThe partnership aims to combine ORSL's organic waste processing and CBG project development capabilities with MGL's city gas distribution expertise. The company said the transaction does not fall within related party transactions, and that neither the promoter nor promoter group companies hold any interest in the entity involved. The company said any future commercial arrangements, including EPC contracts or other definitive agreements, remain subject to requisite approvals and execution of formal agreements.\n\nMahanagar Gas raised CNG prices by ₹2 per kg and domestic PNG by ₹1 per SCM across all retail outlets, effective midnight on August 31, 2026, The Hindu reported, following elevated international LNG prices amid the re-escalation of conflict in West Asia.\n\n## Organic Recycling Systems' Recorded Moves\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Organic Recycling Systems announced a Rs 1,000 crore Integrated Agro-Valorisation platform in May 2026 to expand from EPC services into asset-owning biogas projects, to be funded through a strategic IPO. The same records show record consolidated revenue of ₹105.07 crore for FY26, more than doubling from the previous year, and total assets of ₹247.74 crore in 2025, up from ₹194.93 crore in 2023.\n\n## Contracts Leading to the Mahanagar Gas MoU\n\nIn October 2026, Organic Recycling Systems' subsidiary secured a fifth BPCL contract for a CBG plant in Bhilai, Chhattisgarh, covering EPCOM services, with a cumulative order book value of Rs. 3.5-5 billion, Construction World reported. In September 2026, the company secured two EPCOM contracts from Bharat Petroleum Corporation worth Rs 167.30 crore for CBG plants in Mysuru and Raipur, adding about 9.8 TPD of CBG capacity with five-year O&M mandates, Business Standard reported. In August 2026, subsidiary Solapur Bioenergy Systems Private Limited secured a two-year Operations and Maintenance contract renewal from Indian Oil Corporation for its Gorakhpur Compressed Biogas plant, ANI News reported.\n\n## Listing Plan and GOBARdhan Approval\n\nThe Union Cabinet approved GOBARdhan, a ₹23,731 crore biogas scheme, and ORSL plans to list on the BSE Main Board by October 2026, The Tribune reported on September 30, 2026.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}