Indian biofuel conglomerate TruAlt Bioenergy has secured a significant order worth over ₹390 crore from leading Oil Marketing Companies (OMCs) including HPCL, BPCL, IOCL, and Mangalore Refineries and Ports Limited. This order entails the supply of nearly 6 crore liters of First Generation Bioethanol over a period of three months from August to October 2024.
TruAlt Bioenergy has secured nearly 10% of the total allocated quantity. With the total tender quantity of around 66 crore liters, TruAlt has bagged the supply for 6 crore liters, demonstrating its strong supply pipeline to all the OMC’s.
The reward of this substantial order followed a competitive tendering process organized by the OMCs, where TruAlt Bioenergy emerged as a consistent and reliable supplier. Holding the highest market share by production capacity at 3.7%, TruAlt Bioenergy continues to set benchmarks in the bioenergy sector.
Vijay Nirani, Founder and MD of TruAlt Bioenergy, said, “Under the visionary leadership of our Honorable Prime Minister, Shri Narendra Modi Ji, India has made remarkable progress in the bioenergy space. We are honored to be significant contributors to this success journey. I firmly believe that this is just the tip of the iceberg, and the entire biofuels sector has massive potential.”
With an installed capacity of 14 lakh liters / day for 1G Bioethanol and 10,200 kg’s/day for Compressed Biogas (CBG) production, TruAlt Bioenergy claims to be a leader in India’s bioenergy sector. The company is in the process of expanding its 1G Bioethanol capacity to 20 lakh liters / day, which will include dual feed integration to produce ethanol from maize and damaged grains.
In addition, TruAlt aims to establish at least 24 CBG plants across the country. A significant step in this direction is a joint venture with GAIL to set up 10 CBG plants. Looking ahead, TruAlt Bioenergy said that it is also planning to venture into the production of Sustainable Aviation Fuel (SAF), 2G Bioethanol, Mevalonic Acid (MVL), Biodiesel, and other specialty chemicals, further diversifying its portfolio and contributing to the advancement of sustainable energy solutions in India.
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