TruAlt Bioenergy, one of the largest biofuel companies in Asia, is planning to invest an estimated INR 600 Crore across multiple projects to expand its biofuel capacity by 2.7 Lakh Tonnes per day by FY2025. The Bangalore-based biofuel producer expects 30% revenue growth through these projects.
TruAlt will set up 10 plants in Karnataka and Pune under this project, taking its total number of plants to 15. The company has already identified land for the projects, which are anticipated to be commissioned by FY2025, said Vijay Nirani, founder and managing director of TruAlt Bioenergy.
Also Read: Ayodhya’s Next Chapter: Green Field Township Project Breaks Ground
Moreover, the company recently entered into a joint venture with national gas major GAIL India for setting up 10 plants worth an aggregate investment of USD 72 Million. These plants will produce nearly 33 Mn-Kg compressed biogas using organic waste as raw material. Each plant will process nearly 10,000Kg of organic waste daily, producing 1,00,000Kg of compressed biogas.
Biltrax Construction Data is tracking 29,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights. Furthermore, gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
1
