New Delhi, Mar 26: GAIL (India) Limited announced an investment of ₹130 million to acquire a 49% equity stake in Leafiniti Bioenergy Private Limited, a subsidiary of TruAlt Bioenergy Limited. TruAlt will retain a 51% equity stake in the venture.
The joint venture will focus on establishing multiple greenfield Compressed Biogas (CBG) plants across Karnataka, Maharashtra, and Odisha. In the first phase of development, six plants will be set up, each with a production capacity of 12 tonnes per day, resulting in a total annual output of 23,976 tonnes of CBG.
In addition to biogas production, the facilities will annually generate 97,902 tonnes of Fermented Organic Manure and 470,862 tonnes of Liquid Fermented Organic Manure. The projects are expected to create between 820 and 1,225 jobs.
The initiative is projected to displace 19,800 tonnes of fossil fuels and reduce methane emissions by 9,300 tonnes annually.
GAIL (India) Limited’s strategic investment underscores its commitment to advancing sustainable energy solutions and strengthening India’s green bioenergy ecosystem.
