Joint Venture19 Mar 2026, 01:08 pm
GAIL Infuses Rs. 130 Million in TruAlt Bioenergy's Subsidiary Leafiniti, Strengthening Strategic Partnership in India's CBG Sector
AI Summary
TruAlt Bioenergy Limited announced a strategic investment of Rs. 130 million by GAIL (India) Limited in its subsidiary, Leafiniti Bioenergy Private Limited. This investment is pursuant to a Share Subscription-cum-Shareholders’ Agreement and will be used to establish multiple greenfield CBG plants across Karnataka, Maharashtra, and Odisha. The joint venture aims to create approximately 820 to 1,225 direct and indirect jobs and displace approximately 19,800 tonnes of fossil fuels annually. It will also avoid 9,300 tonnes of methane emissions per annum, contributing to India’s climate commitments, including its net-zero by 2070 vision.
Key Highlights
- GAIL infuses Rs. 130 Million in TruAlt Bioenergy's subsidiary Leafiniti
- Investment to strengthen strategic partnership in India’s CBG sector
- Joint venture to establish multiple greenfield CBG plants across Karnataka, Maharashtra, and Odisha
- Projected to create approximately 820 to 1,225 direct and indirect jobs
- Expected to displace approximately 19,800 tonnes of fossil fuels annually and avoid 9,300 tonnes of methane emissions per annum