New Delhi, March 26 -- GAIL (India) Limited has announced an investment of Rs 130 million to acquire a 49 per cent equity stake in Leafiniti Bioenergy Private Limited, a subsidiary of TruAlt Bioenergy Limited, according to a statement released by GAIL (India).

TruAlt will retain a 51 per cent equity stake in the venture, the statement noted.

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 generate 97,902 tonnes of Ferme...