Suzuki Motor Inks Pact With NDDB, Banas Dairy To Set Up Biogas Plants With ₹230 Cr Investment

Suzuki Motor Inks Pact With NDDB, Banas Dairy To Set Up Biogas Plants With ₹230 Cr Investment

The project is aimed at making fuel for automobiles by refining methane from biogas, which is generated by fermenting cow dung, the Japanese carmaker said in a statement.

PTIUpdated: Wednesday, September 06, 2023, 02:53 PM IST
article-image
Suzuki Motor Inks Pact With NDDB, Banas Dairy To Set Up Biogas Plants With ₹230 Cr Investment |

Suzuki Motor Corporation on Wednesday said it has inked a pact with National Dairy Development Board (NDDB), and Gujarat-based Banas Dairy to set up four biogas plants in Gujarat with an investment of around Rs 230 crore.

The three-party agreement between Suzuki R&D Center India, a wholly- owned subsidiary of Suzuki, NDDB and Banas Dairy was inked in Tokyo on Wednesday.

The project is aimed at making fuel for automobiles by refining methane from biogas, which is generated by fermenting cow dung, the Japanese carmaker said in a statement.

Four biogas production plants will be operated from 2025 in Banaskantha district of Gujarat, it added.

Total investment on the four plants is expected to be Rs 230 crore, Suzuki said in a statement. Also, a biogas filling station will be established alongside each plant, which will distribute fuel for CNG vehicles in which Maruti Suzuki holds over 70 per cent market share in India, it added.

"Suzuki is tackling to reduce greenhouse gas in ways that suit the situations of each country and region. In India, there is expectation for biogas which is said to have high reduction effects," Suzuki President T Suzuki said.

The automaker will contribute toward realising carbon neutrality through making proactive initiatives in the biogas production business, he added.

Suzuki signed an MoU with NDDB and Banas Dairy in December 2022 to start a Biogas Demonstration Project.

RECENT STORIES

SEBI Greenlights Four IPOs To Unleash ₹1,400 Crore As 2025 Market Shatters Records With ₹1.76...

SEBI Greenlights Four IPOs To Unleash ₹1,400 Crore As 2025 Market Shatters Records With ₹1.76...

ICRA Slashes Aviation Outlook As Crashes, Cancellations, & Currency Woes Plunge Industry Into...

ICRA Slashes Aviation Outlook As Crashes, Cancellations, & Currency Woes Plunge Industry Into...

Neolite ZKW Lightings Files Draft Papers For ₹600-Crore IPO With SEBI

Neolite ZKW Lightings Files Draft Papers For ₹600-Crore IPO With SEBI

Banks Post Robust Performance In FY25; GNPA Declines To Multi-Decadal Low Of 2.2 Per Cent, Says RBI

Banks Post Robust Performance In FY25; GNPA Declines To Multi-Decadal Low Of 2.2 Per Cent, Says RBI

Office Leasing In India Steady At 75.2 Million Sq Ft In 2025, Bengaluru Leads: Savills

Office Leasing In India Steady At 75.2 Million Sq Ft In 2025, Bengaluru Leads: Savills