New Delhi, August 11, 2024 – TruAlt Bioenergy, a leading player in India’s bioenergy sector, has secured a significant contract worth ₹390 crore to supply 6 crore liters of bioethanol to state-owned oil marketing companies (OMCs). This deal represents a major achievement for the company, further solidifying its position in the rapidly expanding biofuels market.
The order constitutes nearly 10% of the total tender quantity of approximately 66 crore liters issued by the OMCs, underscoring TruAlt Bioenergy’s competitive edge and strong market capabilities. The company’s success in securing this contract is a testament to its commitment to quality and its ability to meet the growing demand for sustainable energy solutions.
TruAlt Bioenergy has been at the forefront of India’s transition towards cleaner energy, with bioethanol playing a crucial role in reducing the country’s dependence on fossil fuels. The company’s state-of-the-art production facilities and commitment to innovation have enabled it to meet stringent industry standards, positioning it as a trusted supplier in the biofuels sector.
Speaking on the achievement, Vijay Nirani Founder or Managing Director of TruAlt Bioenergy, stated, “This order is a significant milestone for our company and reflects the confidence that the OMCs have in our capabilities. We are committed to supporting India’s energy transition by providing high-quality bioethanol that meets the growing demand for cleaner, more sustainable fuels.”
The contract is expected to be fulfilled over the next [specify period, if known], with deliveries set to commence in the coming months. TruAlt Bioenergy’s successful bid reinforces its strategic focus on expanding its market share in the biofuels industry, while contributing to the nation’s goals of energy security and environmental sustainability.
With the increasing emphasis on biofuels as a key component of India’s energy mix, TruAlt Bioenergy’s latest achievement is likely to pave the way for further growth and opportunities in the sector.
