Devendra Singh Sehgal appointed as CEO of IGRPL, a JV Between IndianOil Corporation Limited & GPS Renewables

Devendra Singh Sehgal

IGRPL, a joint venture between IndianOil and GPS Renewables, focused on advancing India’s biofuels sector and accelerating the country’s transition to sustainable energy, has appointed Devendra Singh Sehgal as its Chief Executive Officer. With nearly four decades of experience in large-scale infrastructure and petrochemical projects, Mr. Devendra Singh Sehgal will lead key initiatives to scale biofuel projects and meet India’s growing demand for sustainable energy sources.

A Civil Engineer from NIT Surat and MBA from Guwahati University, Mr. Sehgal brings 39 years of industry experience and has led Indian Oil Corporation’s Mega Refinery and Petrochemical Projects. He served as Director on the Board of Hindustan Urvarak & Rasayan Limited, overseeing major fertilizer plants. His expertise spans the entire project lifecycle, from conceptualization to commissioning, with contributions to projects like Panipat Refinery, Mathura Refinery, Paradip Petrochemical Project, and Panipat Naphtha Cracker Project. His leadership in strategic planning, project execution, and cost optimization has enhanced efficiency and innovation. Prior to joining IGRPL, Mr Sehgal served as Executive Director at IndianOil.

Commenting on his appointment, Devendra Singh Sehgal, CEO, IGRPL (IndianOil and GPS Renewables Private Limited), said, “ The joint venture between GPS Renewables and IndianOil is a landmark step towards enhancing India’s bio-economy. This new venture holds immense potential to support India’s ambition of setting up 5,000 CBG plants. I am excited to join the team and lead their initiative to accelerate India’s transition towards clean energy.”

Mainak Chakraborty, CEO and Co-Founder of GPS Renewables, said, “Mr. Sehgal’s four-decade-long experience in the oil industry will be a tremendous value addition to IGRPL. Our foremost aim through this joint venture is to promote energy security nationwide, and to achieve this, we have aggressively charted out a plan to build a nationwide network of CBG plants that will significantly reduce our dependence on fossil fuels and lower greenhouse gas emissions. Devendra Singh Sehgal will play a key role in leading this initiative and his expertise in the sector will help us realize our vision of driving large-scale adoption biofuels in India”

About IGRPL

IGRPL is a 50:50 Joint Venture by IndianOil and Arya established in 2024. The joint venture will focus on integrating advanced biogas technologies to convert organic waste into Compressed Biogas (CBG), a cleaner and renewable energy source. This will significantly reduce greenhouse gas emissions while providing a sustainable alternative to traditional fossil fuels. By leveraging their combined expertise, IndianOil and Arya aim to accelerate the deployment of CBG plants nationwide. These initiatives complement IndianOil’s long-term low-carbon development strategy and to achieve operational net zero by 2046, which will also help achieve net-zero target by 2070 for our Country. CBG offers numerous benefits to India and the environment. For the country, it promotes energy security by reducing dependence on imported fossil fuels and supports the rural economy by creating local employment opportunities.

About IndianOil

IndianOil, a leader in the global energy sector and ranked 116th on the Fortune Global 500 list, is driving India's transition to cleaner and greener energy with a strong focus on sustainability. The company has set an ambitious target of achieving operational Net-Zero Emissions by 2046, aligning with India's national goal of Net-Zero by 2070. Alongside its green energy focus, IndianOil remains a major player in the oil and gas industry, operating a refining capacity of 70.25 million metric tonnes per annum (MMTPA) and an extensive pipeline network stretching nearly 20,000 kilometers.

IndianOil processes over 1.6 million barrels of crude oil daily and operates more than 61,000 customer touchpoints, including 37,500+ fuel stations. The company also serves over 150 million LPG customers and is a leader in the petrochemicals and lubricants segments. At the forefront of hydrogen mobility,biofuels, and electric vehicle infrastructure, IndianOil has installed over 10,028 EV charging stations across India, along with battery swapping services at key locations. As a promoter of the Government's SATAT initiative, IndianOil is advancing Compressed Biogas (CBG) under its "IndiGreen" brand. Additionally, the company has expanded its ethanol initiatives, launching E20 fuel at more than 5,700 outlets and Ethanol 100 fuel at 400 locations. IndianOil’s innovative solar cooktop, ‘Surya Nutan,’ is further proof of its commitment to clean energy, with plans to deploy 350 units in Madhya Pradesh. Beyond its core businesses, IndianOil remains dedicated to environmental sustainability, investing over Rs 457 crore in CSR projects focused on healthcare, education, skill development, and women empowerment. As IndianOil leads the charge towards a greener future, it continues to power the nation’s progress while expanding its presence in international.

About GPS Renewables

Headquartered in Bengaluru, GPS Renewables (“GPSR”) is a full-stack biofuels firm offering technology and project solutions for climate-positive biofuel projects. Starting from captive biogas plants, GPSR has scaled up to set up some of the world’s largest RNG plants. In 2022, GPS Renewables launched GPSR Arya Pvt Ltd (“ARYA”) a wholly-owned subsidiary, to commission BOO (Build-Own-Operate) projects, augmenting its climate impact ambitions.