India, March 19 -- TruAlt Bioenergy has announced a strategic investment of Rs 130 million by GAIL (India) Limited in its subsidiary, Leafiniti Bioenergy Pvt Ltd, strengthening their partnership in India's compressed biogas (CBG) sector.
The investment follows a share subscription agreement under which GAIL will acquire a 49% stake in Leafiniti, while TruAlt will retain 51%, creating a balanced joint venture focused on expanding clean energy projects.
The partnership aims to develop multiple greenfield CBG plants across Karnataka, Maharashtra, and Odisha. In the first phase, six plants with a capacity of 12 tonnes per day each will be set up, with a combined annual output of nearly 23,976 tonnes of CBG.
Beyond energy production, the proj...