India's National Biofuels Coordination Committee has mandated a 1% Compressed Biogas (CBG) blending requirement in CNG and PNG networks starting in FY 2025-26, which is scheduled to increase to 5% by FY 2028-29. In tandem with this national mandate, several state governments have introduced concession frameworks aimed at supporting the economic viability of large-scale CBG projects.
Organic Recycling Systems Ltd Reports FY26 Financial Growth And Outlines BOO Platform Strategy
As India mandates CBG blending and states roll out concession frameworks, Organic Recycling Systems Limited posts 117% revenue growth and announces a ₹1,000 crore BOO platform.
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In this context, Organic Recycling Systems Limited (ORSL) has announced its audited financial results for the fiscal year ended March 31, 2026. The company reported consolidated revenue from operations of ₹105.07 crore, compared to ₹48.39 crore reported in FY25. Consolidated profit after tax stood at ₹25.08 crore, representing an increase from the previous fiscal year. Basic earnings per share on a consolidated basis were ₹28.96, up from ₹20.27 in FY25. (Past performance does not guarantee future returns.)
Development of Build-Own-Operate (BOO) Platform and Corporate Governance Update
The Board of Directors has approved ORSL’s expansion into integrated Build-Own-Operate (BOO) projects in agrovalorisation. This expansion aligns with the state concession frameworks emerging across India. Under this initiative, ORSL plans to establish a portfolio of owned and operated CBG plants designed to process paddy straw, Napier grass, and cattle waste into CBG, organic fertilisers, and related products. The framework encompasses five planned projects estimated at approximately ₹200 crore each, totalling an aggregate capital outlay of ₹1,000 crore, with an estimated development cycle of 15 to 24 months per project.
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While ORSL has previously maintained the technical capabilities for these operations, commercial execution depends on supportive regional policy structures. Following recent policy introductions across several states, project economics in select regions meet viability requirements, and the company is evaluating and bidding for relevant opportunities.
Governance: Preparing for the Main Board
Regarding corporate governance, ORSL is working toward transitioning to the BSE Main Board by October 2026. The voluntary adoption of Indian Accounting Standards (IND AS) during FY26 is part of this transition requirement. Additionally, the company completed the redemption of its preference shares during FY26 using warrant proceeds raised at the time of listing, resulting in a modified equity structure with no outstanding preference capital.
"This has been a landmark year for ORSL. Consolidated revenues have crossed the ₹100 crore milestone, earnings per share have grown 43 per cent, and we have voluntarily adopted IND AS to align with the highest standards of financial reporting. The ₹1,000 crore Agro Valorisation platform marks the expansion of our EPC and technology company building an asset-based platform, built on 18 years of operational experience in exactly the kind of projects we are now proposing to own."Sarang Bhand, Promoter & Managing Director, ORSL
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About Organic Recycling Systems Limited
Organic Recycling Systems Limited (BSE: 543997) is an integrated CleanTech and decarbonisation platform founded in 2008. The company holds 2 patents and 5+ proprietary technologies and maintains active R&D partnerships with IIT Bombay and IIT Kharagpur. Its major clients include Indian Oil Corporation and Bharat Petroleum.
For more information: https://organicrecycling.co.in/
Disclaimer: This is a sponsored article. It is not part of Outlook Money's editorial content and was not created by Outlook Money journalists.
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