Desco Infratech Enters Compressed Biogas Sector with Shri Green Agro Energies Acquisition

In a strategic move to diversify into renewable energy, Desco Infratech Ltd has executed a Memorandum of Understanding (MoU) to acquire a majority stake in Shri Green Agro Energies Pvt Ltd (SGAEPL). This acquisition marks Desco’s formal entry into the compressed biogas (CBG) sector, aligning with India’s push for sustainable energy solutions.

The deal involves subscribing to 4,05,000 fully paid-up equity shares of SGAEPL at face value, amounting to a cash consideration of ₹40.5 lakh. Upon completion of the Share Subscription Agreement (SSA) and allotment, SGAEPL will become a subsidiary of Desco Infratech Ltd.

Key Highlights:

Acquisition Details:

• 75% majority stake in SGAEPL.
• Investment of ₹40.5 lakh through equity subscription.

Strategic Impact:

• Entry into the compressed biogas sector, supporting India’s renewable energy goals.
• Strengthens Desco’s portfolio beyond infrastructure into green energy projects.

Future Outlook:

• Focus on development, construction, operation, and maintenance of biogas projects.
• Potential to leverage government incentives for clean energy initiatives.

This acquisition underscores Desco’s commitment to sustainable growth and positions the company as a player in India’s evolving bio-energy ecosystem.

Sources: DSIJ Intelligence, BSE Corporate Filings