New Delhi: TruAlt Bioenergy has secured an order of around Rs 390 crore to supply nearly 6 crore litres of 1G Bioethanol to leading Oil Marketing Companies (OMCs) such as Hindustan Petroleum Corporation Limited, Bharat Petroleum Corporation Limited, Indian Oil Corporation Limited, and Mangalore Refineries and Ports Limited, reported The Economic Times.
The supply will take place between August and October 2024.
This order constitutes nearly 10 percent of the total tender quantity of approximately 66 crore litres issued by the OMCs, underscoring TruAlt Bioenergy’s strong market position and supply capabilities. The company currently has an installed capacity of 14 lakh litres per day for 1G Bioethanol and plans to increase this to 20 lakh liters per day, incorporating dual feed integration for ethanol production from maize and damaged grains.
Vijay Nirani, Founder and Managing Director of TruAlt Bioenergy, stated, “Our journey began with the National Biofuels Policy and the Ethanol Blended Petrol (EBP) Program of India to address the nation’s need to reduce reliance on fossil fuels and crude oil by shifting to biofuels, the more ecological and economical alternative. 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.”
