TruAlt Bioenergy Secures ₹150 Crore Financial Assistance for Sustainable Aviation Fuel Project

TruAlt Bioenergy Secures ₹150 Crore Financial Assistance for Sustainable Aviation Fuel Project​

TruAlt Bioenergy Limited, a leading integrated biofuels company and India's largest ethanol producer, has received financial assistance approval worth ₹150 crore for its proposed commercial-scale Sustainable Aviation Fuel (SAF) project. The funding comes under the Government of India's PM JI-VAN Yojana (Jaiv Indhan-Vatavaran Anukool Fasal Awashesh Nivaran Yojana).

The approval was granted by the Centre for High Technology (CHT) under the Ministry of Petroleum & Natural Gas (MoPNG). This milestone is set to drive TruAlt’s expansion into advanced biofuels and sustainable aviation solutions. The approved financial assistance of ₹150 crore is estimated to incentivize 7-10% of the project's capital expenditure, boosting the viability of the project and accelerating domestic SAF production capacity in India.

The PM JI-VAN Yojana is a key government initiative focused on advancing advanced biofuels. By providing targeted financial support, the scheme encourages technological innovation, utilizing agricultural residue and promoting indigenous low-carbon fuel technologies, thereby contributing to India's goals for energy security, environmental sustainability, and rural prosperity.

SAF Project Details and Industry Impact​

The Sustainable Aviation Fuel (SAF) facility planned by TruAlt Bioenergy is slated to have a production capacity of 10 crore litres per annum. This project is expected to be crucial in advancing India’s energy transition and aviation decarbonization objectives. It will help develop a domestic SAF ecosystem, strengthen the indigenous production of low-carbon aviation fuels, and reduce reliance on imported fossil fuels, supporting India's net-zero ambitions.

The facility aligns with the global trend toward aviation sector decarbonization, including CORSIA standards. Furthermore, the project supports India’s committed SAF blending targets: 1% by 2027, 2% by 2028, and 5% by 2030. As demand for sustainable aviation fuels grows globally, this venture positions India as a competitive SAF producer while enhancing energy security within the low-carbon aviation industry.

The financial assistance will be disbursed based on project milestones, in accordance with the terms set out in the Memorandum of Agreement to be executed with the Centre for High Technology.

Management Commentary and Company Profile​

Mr. Vijay Nirani, Managing Director of TruAlt Bioenergy Limited, stated that this development is a significant step toward global aviation decarbonization. He emphasized that Sustainable Aviation Fuel will become an essential component of the future energy landscape.

"At TruAlt, we are committed to building globally competitive, indigenous solutions that strengthen India's energy security while advancing climate goals," Nirani said. "We are grateful to the Government of India for its continued support in fostering innovation and enabling the commercialization of next-generation biofuels."

TruAlt continues to expand its portfolio beyond ethanol into compressed biogas (CBG) and SAF, leveraging its experience in large-scale biofuel production and feedstock management. The company is noted as one of India's largest biofuels companies and the country's only dedicated bioenergy enterprise. It has an installed ethanol production capacity of 2,000 KLPD.

Trualt Bioenergy has also been recognized as the first biofuels company in India to attain Oil Marketing Company (OMC) status. Beyond fuel production, the company is building a comprehensive circular bioeconomy platform, producing Fermented Organic Manure (FOM) and Liquid Fermented Organic Manure (LFOM), and utilizing liquefied CO2 for industrial applications.

TRUALT Stock Price Movement​

TruAlt Bioenergy Limited shares today slipped by 0.85% in the post-market session, settling at ₹489.00 after shedding ₹4.20 from the previous close. The stock recorded a trading volume of 156,576 shares as it closed for the day.