TruAlt Bioenergy to expand capacity, invest Rs 600 cr for setting up plants

TruAlt Bioenergy, which is among the largest biofuel players, is planning to expand its capacity by 2.7 lakh litres per day by next fiscal and will invest around Rs 600 crore to set up more plants. The Bengaluru-based company is also expecting around 30 per cent revenue growth this fiscal year. TruAlt is primarily into biofuels such as 1G ethanol, 2G ethanol, compressed biogas, sustainable aviation fuel, fermented organic manure, and green hydrogen. It operates five 1G ethanol units with a capacity of 2 million litres per day, making it the country's largest ethanol producer while its compressed biogas capacity is 10 tonne per day. "We are planning to augment our biofuel capacity by 2.7 lakh tonne per day. We will set up 10 more plants, taking our total to 15 and we envisage around Rs 600 crore investment towards this and these plants will come up in Bijapur in Karnataka and Pune and should be commissioned next fiscal," Vijay Nirani, founder and managing director of TruAlt, told ..

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