The Government of Chhatisgarh might rent 15000 hectares of empty waste/desolate area to CREDA.Through a different permit assention CREDA would rent the area to CREDA - HPCL Biofuel Ltd on terms commonly settled upon for a time of 30 years for completing ranch of jatropha.

Legislature of Chhattisgarh would encourage and finish the exercises of renting the whole place where there is 15000 hectares inside a time of 3 years.

The organization attempts to influence innovation, ranch administration and usageof select demonstrated research, procedures and seeds to guarantee top notch yield both in amount and oil content. It is conceived to go about as an impetus in boosting the monetary states of the group living around the ranch by giving occasional or intermittent job as this can use their extra time in accumulation of seeds or as assistance in upkeep of the products. The organization likewise visualizes guaranteeing and releasing social duties and partners' fulfillment. The organization would likewise bestow preparing to the whole workforce required in the development of Jatropha.

Venture Profile

Hindustan Petroleum Corporation Limited a main oil preparing and advertising organization and state government spoke to by Chhattisgarh Renewable Energy Development Agency has shaped JV Company named CREDA - HPCL Biofuel Limited. Govt. of Chhattisgarh will rent 15000 hectares of empty waste/desolate area to CREDA who understudy will go into a different permit concurrence with JVC on terms commonly settled upon for a time of 30 years. The JVC i.e. CREDA HPCL Biofuel Ltd. will do ranch of Jatropha to deliver Bio-diesel.

All costs relating to the development of JVC and development and united exercises will be conceived by HPCL

Contact Information:

Name of the Company: CREDA-HPCL Biofuel Limited (CHBL)

Registered Office:
Hindustan Petroleum Corporation Limited
2nd Floor, Madina Manzil,
Medical College Road,
Raipur - 492001, (Chhattisgarh)
Contact No: 0771-2430047