TruAlt Bioenergy Secures Oil Marketing Company (OMC) Status, Set to Launch Retail Flex Fuel Network
PNN
Bengaluru (Karnataka) [India], June 12: In a landmark development for India's energy transition, TruAlt Bioenergy Limited, India's largest ethanol producer and one of the country's leading integrated biofuels companies, has been officially granted authorisation as an Oil Marketing Company (OMC). Leveraging its strengths in ethanol and compressed biogas (CBG), TruAlt is now authorised to directly market clean fuels like ethanol and Bio-CNG, along with retailing Motor Spirit (Petrol) and High-Speed Diesel (HSD) across India, marking a strategic entry into the country's fuel retailing sector.
As one of the first private biofuel companies in India to receive this authorisation, TruAlt now joins an exclusive league of players licensed to market and retail petroleum products across the country. This recognition affirms the company's robust manufacturing capabilities and leadership in driving India's clean energy transition, empowering it to offer a seamless retail experience that integrates both biofuels and conventional fuels.
TruAlt Bioenergy's entry into the fuel retail sector is both timely and transformational. Backed by its deep manufacturing strengths in ethanol and Bio-CNG, TruAlt will offer a unique retail experience that blends conventional and renewable fuels under one roof, including petrol, diesel, E93, Bio-CNG, EV charging points and battery swapping facilities. This future-ready model aligns with India's broader vision for energy security, clean mobility and decentralised fuel access.
Under its OMC authorisation, TruAlt Bioenergy is committed to ensuring inclusive fuel access by establishing at least 5% of its retail outlets in notified remote areas, advancing the government's goal of last-mile energy connectivity. In the initial rollout, the company plans to launch over 100 strategically located fuel stations in Karnataka and Maharashtra, creating a robust retail network that will cater to both conventional fuels and next-generation blended alternatives, including ethanol and Bio-CNG. This expansion is expected to generate employment opportunities for over 2,000 people across urban and rural regions, contributing meaningfully to local economies and supporting India's broader energy transition goals.
Commenting on the milestone, Vijay Nirani, Managing Director of TruAlt Bioenergy, said, "Securing OMC status marks a defining step in TruAlt Bioenergy's growth journey. This milestone enables us to directly serve India's evolving fuel needs while accelerating the shift toward cleaner energy. While our retail network will support conventional fuels, our greater focus will be on integrating biofuels and expanding rural outreach.
By setting up outlets across high-demand corridors and remote regions, we aim to drive rural development, generate local employment, and help build a more inclusive and sustainable energy infrastructure for the country. Farmers have always been at the heart of our model. By sourcing agri-residue and biomass directly from rural communities, we are creating value at the grassroots while powering clean energy solutions like ethanol and Bio-CNG. Through this circular approach from farm to fuel and back to farm, we are returning health to the soil and wealth to the farmer, making sustainability economically empowering."
As a vertically integrated player, TruAlt Bioenergy commands a 7% market share in molasses-based ethanol and 3.7% in overall ethanol supply, making it a key pillar of India's Ethanol Blending Programme (EBP). With rapid expansion underway in compressed biogas (CBG) production, the company is also poised to become one of the largest Bio-CNG producers in the country, further strengthening its leadership in the clean fuels segment.
This milestone comes at a time when India's fuel economy is undergoing a structural transformation driven by rising energy consumption, expanding mobility, and a decisive national shift toward cleaner alternatives. In FY 2024-25, the country recorded its highest-ever petroleum product consumption at 239.5 million metric tonnes (MMT), led by 7.5% growth in petrol, 8.9% in aviation turbine fuel (ATF), and steady gains in LPG and diesel. Over the past decade, petrol consumption has grown at a CAGR of 7.7%, reflecting the surge in personal mobility. The diesel-to-petrol ratio has dropped from 3.6 to 2.3, underscoring a clear shift in consumer preferences and offering a major inflexion point for next-generation fuel retail.
"With over 2.5 crore cars sold annually, surpassing the population of many countries, India's appetite for mobility is growing at an extraordinary pace. This is our moment to shape a retail network that fuels today's growth while powering the transition to a cleaner, more intelligent, and purpose-driven mobility ecosystem," Nirani further added.
India's biofuel programme is also gaining scale at an unprecedented pace. Ethanol blending in petrol has surged to 18.4% in the current ethanol supply year (ESY 2024-25), with a record 19.7% blending achieved in February 2025, bringing the country within striking distance of its 20% target. This rapid progress is opening up new opportunities for companies with integrated biofuel capabilities, especially as flex-fuel vehicles and E20-ready infrastructure become mainstream.
In line with its strategy to move up the biofuels value chain and tap into high-growth global markets, TruAlt Bioenergy is actively advancing its entry into Sustainable Aviation Fuel (SAF) production and intends to set up a facility with an annual capacity of 10 crore litres. This is likely to position the company as one of the world's largest producers of SAF from ethanol, while also placing India at the forefront of global sustainable aviation efforts.
About TruAlt Bioenergy Limited:
TruAlt Bioenergy Limited is one of India's largest and most forward-looking biofuel producers, playing a pivotal role in the country's transition toward clean and sustainable energy. Positioned as a diversified leader in the bioenergy sector, the company operates five distilleries based on sugarcane juice and molasses, with a combined ethanol production capacity of 2,000 KLPD, making it the largest ethanol producer in India.
TruAlt is also among the early adopters of Compressed Biogas (CBG) under the Government of India's SATAT (Sustainable Alternative Towards Affordable Transportation) initiative. Through its subsidiary, Leafiniti Bioenergy Private Limited, the company operates CBG plants, which also generates solid and liquid fermented organic manure (FOM) as by-products supporting circular agriculture and waste-to-energy innovation.
With its integrated biofuels platform, strategic infrastructure and a commitment to rural value creation, TruAlt Bioenergy is shaping the next phase of India's green energy landscape delivering scale, sustainability, and inclusive growth.
For more information or media enquiries, please contact:
- Ms. Shivaaneey Rai, TruAlt Bioenergy
- +91-9545850823 / avpcomms@trualtbioenergy.com
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
5 hours ago
- Time of India
Domestic gas price up 5% in July on Israel-Iran conflict impact
NEW DELHI: The government has raised the price of natural gas from state-run ONGC and Oil India Ltd's legacy fields to $6.89 per unit (million British thermal units) for July from $6.41 as the ripples from a surge in oil prices following the Israel-Iran conflict hit home. But the actual increase in the price will be limited to 34 cents, or 5%, due to the price cap of $6.75 per unit, which will be the applicable rate from July 1, a government notification said on Monday. Legacy gas is primarily consumed by city gas networks for supplying as CNG and PNG as well as fertiliser manufacturers. The increase will impact margins of CNG operators who depend on legacy gas meet 40-50% of their requirement. But the jury is out whether they will pass on the burden to consumers by raising CNG rates or choose to sit out till the next gas price revision as crude prices are headed down. The fertiliser sector will not be impacted due to government subsidy. The applicable gas rate had fallen below the ceiling last month following the first reduction in two years, prompted by subdued oil prices in May. The applicable rate had hovered at the ceiling before that in spite of higher notified rates. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No Iron Needed—Steam Gently with Philips Philips Garment Steamers Shop Now Undo According to the revised formula implemented since April 2023, gas from fields given to ONGC and OIL in the pre-auction era is to be charged at 10% of the monthly average price of the 'Indian Basket', or the mix of crude imported by refiners. This is, however, subject to a floor and ceiling aimed at safeguarding the interests of producers and consumers. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
The Print
6 hours ago
- The Print
APM gas price hits ceiling of USD 6.75
USD 6.75 per mmBtu is the ceiling price for gas from legacy fields, known as APM gas, which accounts for roughly half the input used in producing CNG. It is also utilised in power generation, fertiliser production, and piped directly to households for cooking. As part of the monthly revision, the price of natural gas from legacy fields operated by state-owned companies was increased to USD 6.75 per million British thermal units, up from USD 6.41, according to a notification from the Petroleum Planning and Analysis Cell (PPAC) of the Oil Ministry. New Delhi, Jun 30 (PTI) The price of natural gas used for producing CNG for vehicles and cooking gas was raised 5 per cent for July, following a surge in oil prices triggered by Israel's military strike on Iran. A higher input gas price would squeeze margins of city gas retailers. City gas retailers may choose to hike CNG prices if the increase pinches them. APM gas price is revised on the first of every month, set at 10 per cent of the average import price of crude oil in the preceding month. But this price is subject to a floor or minimum rate and a ceiling or maximum rate. The ceiling price for 2025-26 is USD 6.75. According to PPAC, the price of APM gas for the period from July 1 to July 31, 2025, was calculated at USD 6.89 per mmBtu on a gross calorific value (GCV) basis. However, the rate will be capped at the ceiling price of USD 6.75. In the last revision effective June 1, the APM gas price was cut for the first time in two years, dropping to USD 6.41 per mmBtu from USD 6.75 in the previous month. This was the first reduction since the government in April 2023 implemented a new formula to price APM gas. In April 2023, the Union Cabinet accepted an expert committee report to price on a monthly basis the gas from legacy fields, called APM gas, at 10 per cent of monthly average import price of crude oil with a floor of USD 4 and a cap of USD 6.5 per mmBtu. The cap price was to remain unchanged for two years and rise by USD 0.25 annually thereafter. In line with this, the cap rose to USD 6.75 per mmBtu in April 2025. In the first two years, the price of gas using this formula ranged between USD 7.29 per mmBtu and USD 9.12 but the cap ensured that the rate were fixed at USD 6.50 per mmBtu. In April, the price according to this formula came to USD 7.26 per mmBtu but the final rate was USD 6.75 in line with higher cap. In May, the price came to USD 6.93 but was capped to USD 6.75 for consumers. Since there has been a fall in international oil prices in view of uncertain demand outlook, the Indian basket of crude oil averaged around USD 64 in May. Using this as a benchmark, the APM gas price came to USD 6.41 per mmBtu on GCV basis, according to PPAC. But oil prices rose after Israel attacked Iran last month. That rise has translated into higher APM gas price as well. The rise in benchmark also means that the price of gas that ONGC produced from new wells in the APM fields would also go up. The government had allowed ONGC to charge 12 per cent of the oil price for the gas coming from new wells it drills. The higher price was to make up for the capex incurred in drilling new wells. As much as 5 million standard cubic meters per day of gas — or a 10th of all gas produced by ONGC — comes from new wells, according to industry sources. APM gas is one produced by state-owned firms Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) from fields that were given to them on nomination basis. This gas is the input that is used in the cooking gas piped to household kitchens as well as turned into CNG for running automobiles, making fertilisers and producing electricity. Prior to April 2023, the price of gas produced from fields covered under the Administered Price Mechanism (APM) regime — which accounts for 70 per cent of domestic gas production — was determined semi-annually based on a formula that benchmarked it to average international prices at four gas trading hubs. APM gas is provided to city gas distributors for supply to CNG and residential PNG segments, which together account for 60 per cent of their sales volume. Subsequent to the April 2023 decision, APM gas prices are revised on a monthly basis but subject to ceiling and floor price. The ceiling price now is USD 6.75 per MMBtu and will rise by another USD 0.25 per mmBtu in April next year. APM gas prices had seen wide fluctuations in the years running up to the April 2023 decision. From a low of USD 1.79 per mmBtu in 2021, to a high of USD 8.57 for the six-month period ending March 2023. The rate for difficult fields like KG-D6 of Reliance Industries has been set at USD 10.04 per MMBtu for six months beginning April 1 as compared to USD 10.16 in the preceding six months period, according to PPAC. PTI ANZ ANZ TRB This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Hindustan Times
6 hours ago
- Hindustan Times
UP becomes first state to offer subsidy for upstream infra in EV charging stations
In a major decision to give a boost to electric vehicles (EV), the Uttar Pradesh government on Monday included the upstream installation costs of charging stations under its EV subsidy framework. The decision was taken at the high-level empowered electric vehicle committee (HLEEVC) meeting chaired by chief secretary Manoj Kumar Singh. For the EV charging infrastructure, the 'upstream installation costs' refer to the expenses associated with setting up the supporting infrastructure needed to deliver electricity to the charging stations themselves. (For Representation) According to the state government, it is for the first time in India that eligible fixed capital investment—required to avail of a capital subsidy of up to ₹ 10 lakh per unit —will now also cover upstream infrastructure costs during the policy period. This marks a significant step toward enhancing the viability and scalability of public charging stations (PCS). Invest UP is the nodal agency for implementing this policy in the state. The policy amendment under the Uttar Pradesh Electric Vehicle Manufacturing and Mobility Policy–2022 is expected to address a key challenge faced by charge point operators: the inability to meet the minimum fixed capital investment threshold of ₹ 25 lakh due to the exclusion of upstream infrastructure costs from eligible investments. The policy offers attractive incentives for charge point operators setting up charging stations in the state. Charging stations are eligible for a one-time capital subsidy on fixed capital investment—covering expenses on building, civil works, chargers, upstream infrastructure, battery equipment, utilities, tools, and other related assets (excluding land costs)—at a rate of 20%, subject to a maximum of ₹ 10 lakh per unit. With this decision, Uttar Pradesh has become the first state in the country to offer subsidies for upstream infrastructure in EV charging stations, making the ecosystem more investment-friendly and accelerating EV adoption across the state, said Invest UP on Monday. Uttar Pradesh, the third-largest automobile market in India, has recorded over 12,72,206 registered electric vehicles. To sustain this growth, more than 450 charging stations are being integrated into a GIS dashboard, 740+ electric buses have been deployed on key routes, and 116 green routes across 15 cities have been identified for the upcoming phase of EV rollouts. Upstream installation costs For the EV charging infrastructure, the 'upstream installation costs' refer to the expenses associated with setting up the supporting infrastructure needed to deliver electricity to the charging stations themselves. These costs are distinct from the direct cost of the charging equipment (chargers, connectors, etc) and can include expenses related to grid upgrades, transformers, cabling, and other electrical components.
