Continental Petroleums sets sights on expanding renewable energy, waste management, and global trade

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has unveiled a series of transformative initiatives that signal its commitment to sustainability, renewable energy, and global market expansion. During its recently held Extra Ordinary General Meeting (EGM) on January 15, 2025, shareholders approved ambitious plans to propel the company into new territories while fortifying its leadership in its core sectors.

The expansion strategy encompasses critical areas, including renewable energy infrastructure, hazardous waste management, and international market growth, reinforcing the company’s long-term goals of innovation and environmental stewardship.

Continental Petroleums Focuses on Renewable Energy Projects

At the heart of the company’s plans lies its ambitious expansion in renewable energy infrastructure. With a current order book valued at ₹3,212 crores, Continental Petroleums Limited aims to secure additional projects worth between ₹3,175 and ₹3,200 crores in the coming months. These projects, focused on power transmission and solar energy, align with ‘s renewable energy target of achieving 90 GW capacity by 2030.

The company’s foray into solar energy projects under the further underscores its commitment to sustainable energy solutions. By bidding for 1 MW solar power projects with 25-year Power Purchase Agreements (PPAs) with Rajasthan’s electricity departments, Continental Petroleums aims to contribute to India’s clean energy transition. This initiative highlights the company’s role as a key player in India’s efforts to reduce its carbon footprint and promote energy independence.

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Revolutionizing Hazardous Waste Management in Rajasthan

Another cornerstone of Continental Petroleum’s growth plan is the establishment of a cutting-edge hazardous waste management facility in Behror, Rajasthan. This Waste Mix Processing Facility/Alternate Fuel Resource is expected to process up to 90,000 metric tonnes annually, serving some of India’s leading cement manufacturers, including Ultratech, Ambuja, and Hindustan Zinc.

By enabling waste co-processing, the facility seeks to reduce landfill usage and promote circular economy practices, a critical aspect of the company’s sustainability vision. The initiative also reflects Continental Petroleums’ alignment with government policies aimed at addressing industrial waste challenges and mitigating environmental impacts.

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Global Expansion through Strategic Acquisitions

To strengthen its international footprint, Continental Petroleums Limited has acquired Unique Techno Associates Pvt. Ltd. (UTAPL), a company known for its well-established export network. Operating out of the Special Economic Zone (SEZ) in Dahej, Gujarat, UTAPL exports lubricants and greases to over 10 countries.

This acquisition enables Continental Petroleums to penetrate new global markets while leveraging UTAPL’s infrastructure and expertise. The company expects this move to significantly boost its topline growth in the years ahead, reinforcing its position as a leader in the lubricants and greases market.

Chairman Highlights Strategic Vision

Chairman expressed gratitude to shareholders for their support, emphasizing that these initiatives represent a turning point for the company. He stated that the approved plans would enhance long-term value, strengthen Continental Petroleum’s market presence, and support sustainable development goals.

The company has set an ambitious revenue target of ₹3,500–₹3,400 crores in the near future, driven by the expansion of its core business areas and new market opportunities.

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Future Outlook: Leadership in Sustainability and Innovation

As Continental Petroleums Limited advances its strategic initiatives, its focus remains firmly on sustainability, innovation, and growth. By aligning its business strategies with global environmental priorities and leveraging opportunities in renewable energy and international trade, the company is poised to lead in sectors critical to India’s economic and ecological future.

These developments position Continental Petroleums not only as a business leader but also as a key contributor to national and global sustainability efforts. The company’s proactive approach to addressing industrial challenges highlights its capacity to adapt and thrive in a rapidly evolving economic landscape.


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