TruAlt Bioenergy Secures ₹150 Crore for Sustainable Aviation Fuel Project under PM JI-VAN Yojana
Bengaluru, June 18, 2026: TruAlt Bioenergy Limited, recognized as India's largest ethanol producer and a leading integrated biofuels company, announced that it has received financial assistance approval amounting to ₹150 crore. This approval is granted under the Government of India's PM JI-VAN Yojana (Jaiv Indhan-Vatavaran Anukool Fasal Awashesh Nivaran) for its proposed commercial-scale Sustainable Aviation Fuel (SAF) project located in Bagalkot, Karnataka.The significant milestone was granted by the Centre for High Technology (CHT) under the Ministry of Petroleum & Natural Gas (MoPNG). The financial assistance of ₹150 crore is slated to incentivize approximately 7-10% of the total capital expenditure for the project. This support aims to enhance project viability and accelerate the development of domestic SAF production capacity within India.
The PM JI-VAN Yojana initiative is designed by the Government of India to expedite the commercialization of advanced biofuels. The scheme promotes technological innovation, utilizes agricultural residue and renewable feedstocks, and supports the growth of indigenous low-carbon fuel technologies, aligning with India's objectives for energy security and environmental sustainability.
Project Scope and Strategic Impact
The proposed SAF facility has a planned production capacity of 10 crore litres per annum. This project is set to contribute significantly to advancing India’s energy transition and aviation decarbonization goals. It will bolster the domestic SAF ecosystem, strengthen indigenous low-carbon aviation fuel production, and reduce reliance on imported fossil fuels, supporting India's long-term net zero ambitions.The development of the facility is strategically aligned with international standards such as the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). Furthermore, it supports India's specific SAF blending targets:
| Target Year | SAF Blending Target |
|---|---|
| 2027 | 1% |
| 2028 | 2% |
| 2030 | 5% |
Leveraging TruAlt's extensive background in feedstock management and renewable energy operations, the project aims to contribute meaningfully to the development of a domestic SAF value chain.
Leadership Commentary and Company Context
Commenting on this development, Mr. Vijay Nirani, Managing Director at TruAlt Bioenergy Limited, stated that the milestone underscores the critical role of Sustainable Aviation Fuel in future energy landscapes. He added that TruAlt is committed to building globally competitive, indigenous solutions that advance climate goals and strengthen India's energy security. He expressed gratitude to the Government of India for its continued support in fostering innovation necessary for commercializing next generation biofuels.The financial assistance will be released based on project milestones and the terms outlined in the Memorandum of Agreement with the Centre for High Technology.
TruAlt Bioenergy Ltd., an industry leader, maintains substantial operational capacity. The company possesses an installed ethanol production capacity of 2,000 KLPD and is integrated across the biofuels value chain. Beyond its core operations in ethanol and compressed biogas (CBG), Trualt Bioenergy is strategically focused on the future fuels market.
Trualt Bioenergy Limited stands as one of India's foremost biofuels enterprises, combining large scale industrial capability with deep agricultural linkages. The company holds the distinction of being the first biofuels company in India to attain Oil Marketing Company status and was among the early producers of Compressed Biogas (CBG) under the Government of India’s SATAT scheme initiated in 2018.
The organization is actively exploring advanced biofuels and low carbon energy solutions. It is dedicated to building a comprehensive circular bioeconomy platform by producing Fermented Organic Manure (FOM) and Liquid Fermented Organic Manure (LFOM), while also utilizing liquefied CO2 for industrial applications, reinforcing its commitment to a zero waste ecosystem.
TRUALT Stock Price Movement
TruAlt Bioenergy Limited shares settled today after shedding 0.85%, closing at ₹489.00 following a dip of ₹4.20. The stock traded within an intraday range of ₹485.10 to ₹497, with a total volume of 156,576 shares recorded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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