Nuberg Projects 25% Revenue Growth from Renewable Green Fuel in Next Three Years

Nuberg, a company specialising in engineering, procurement, and construction, anticipates that the renewable and green energy fuel sector will account for 25% of its total revenue within three years. This was revealed by a senior official during an event marking a partnership with EDL Anlagenbau Gesellschaft, a German refinery technology firm.

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Renewable Energy Focus

A K Tyagi, Managing Director of Nuberg EPC, stated that this collaboration will integrate sustainable fuel into Nuberg's offerings and boost its expertise in refinery and petroleum technology. "At the group level, our revenue is around Rs 1,500 crore. This financial year we expects green and renewable energy to contribute 5-10 per cent to overall revenue and 25 per cent in the next 3 year," Tyagi said.

Global Operations and Market Presence

Nuberg operates in 32 countries, with significant activities in the Middle East, North Africa, Europe, and India. Tyagi noted a growing interest from African markets. He also highlighted that EDL is a century-old company renowned for its refinery and petroleum technology expertise, as well as sustainable fuel production.

Collaboration with EDL

EDL will collaborate with Nuberg across all its operational regions. Tyagi emphasised that the increasing global demand for renewable and sustainable fuels aligns with their partnership with EDL. "The demand for renewable and sustainable fuel across the world is increasing. Our collaboration with EDL is aligned with this demand," Tyagi said.

The strategic alliance aims to enhance Nuberg's capabilities in sustainable energy solutions while meeting the rising global demand for eco-friendly fuels.

With inputs from PTI