Latest news with #Nirani
NDTV
2 days ago
- Business
- NDTV
TruAlt Bioenergy, An Ethanol Producer, Gets Oil Marketing Company Status
New Delhi: In a development push for India's energy transition, TruAlt Bioenergy Limited - country's largest ethanol producer and one of the leading integrated biofuels companies - has been officially granted authorisation as an Oil Marketing Company (OMC). With this, the company is now authorised to licensed to market and retail petroleum products, and directly market clean fuels like ethanol and Bio-CNG, along with retailing Motor Spirit (Petrol) and High-Speed Diesel (HSD) across the country. Under the OMC authorisation, TruAlt Bioenergy is committed to ensuring inclusive fuel access by establishing at least 5 per cent of its retail outlets in notified remote areas, advancing the government's goal of last-mile energy connectivity, an official release by the company said. 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. According to the company, the expansion is expected to generate employment opportunities for over 2,000 people across urban and rural regions. Vijay Nirani, Managing Director of TruAlt Bioenergy, in a statement, 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." He added, "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." The company said that they command a 7 per cent market share of molasses-based ethanol and 3.7% of the overall ethanol supply. In FY 2024-25, India recorded its highest-ever petroleum product consumption at 239.5 million metric tonnes (MMT), led by 7.5 per cent growth in petrol, 8.9 per cent in aviation turbine fuel (ATF), and steady gains in LPG and diesel. The diesel-to-petrol ratio has dropped from 3.6 to 2.3, underscoring a shift in consumer preferences. "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," Mr Nirani said. All About TruAlt Bioenergy Limited TruAlt Bioenergy Limited is one of India's largest 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.
Time of India
3 days ago
- Business
- Time of India
TruAlt Bioenergy gains OMC status, plans 100+ flex-fuel outlets across India
TruAlt Bioenergy has been authorised as an Oil Marketing Company (OMC), enabling it to market and retail ethanol, Bio-CNG, petrol, diesel, and electric vehicle (EV) services across India. The company will roll out more than 100 flex-fuel retail outlets initially in Karnataka and Maharashtra. The company has become one of the first private biofuel companies in India to receive this authorisation. The approval allows the company to retail both renewable and conventional fuels, expanding its operations into the fuel marketing segment. Retail plans and rural focus The company plans to set up fuel stations offering ethanol (E93), Bio-CNG, petrol, diesel, EV charging, and battery swapping services. TruAlt also aims to establish at least 5% of its outlets in notified remote areas. The retail expansion is expected to generate employment for over 2,000 people. Vijay Nirani, MD, 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." Position in the biofuels sector TruAlt holds a 7% share in India's molasses-based ethanol market and 3.7% of the overall ethanol supply. The company is also expanding in the compressed biogas (CBG) segment and is working on plans to enter the sustainable aviation fuel (SAF) space, with a proposed production facility of 10 crore litres annually. India's consumption of petroleum products reached 239.5 million metric tonnes in FY 2024–25. Petrol use grew by 7.5% and aviation turbine fuel by 8.9%. The petrol-to-diesel consumption ratio has shifted from 3.6 to 2.3 over the past decade, with petrol demand rising at a compound annual growth rate of 7.7%. Nirani added: '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.' India's ethanol blending has reached 18.4% in the current ethanol supply year, with a record 19.7% in February 2025. TruAlt's entry into SAF production aims to position the company as a key player globally in ethanol-based aviation fuel.
Time of India
3 days ago
- Business
- Time of India
TruAlt gets OMC licence; to launch 100 ethanol-BioCNG fuel stations
New Delhi: TruAlt Bioenergy , India's largest ethanol producer, has been granted authorisation as an Oil Marketing Company (OMC) , enabling it to directly retail ethanol, Bio-CNG , petrol, and diesel across the country, the company said. With this authorisation, TruAlt becomes one of the first private biofuel firms to enter the fuel retail sector, aligning its operations with India's evolving clean energy roadmap . The company will offer a mix of renewable and conventional fuels including ethanol (E93), Bio-CNG, petrol, diesel, EV charging, and battery swapping facilities. '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,' said Vijay Nirani, Managing Director, TruAlt Bioenergy. In the first phase, the company plans to set up over 100 fuel stations in Karnataka and Maharashtra, integrating biofuels and conventional fuels under one retail experience. At least 5% of these outlets will be located in remote regions, adhering to the government's mandate for inclusive access. The move is expected to generate employment for over 2,000 people, the company said. India's petroleum product consumption rose to 239.5 million metric tonnes (MMT) in FY2024–25, with petrol growing at 7.5% and aviation turbine fuel (ATF) at 8.9%. The diesel-to-petrol ratio has dropped from 3.6 to 2.3 in the past decade, indicating a shift in demand and presenting new opportunities for blended fuel models. 'As India's appetite for mobility surges, 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 added. TruAlt currently holds a 7% market share in molasses-based ethanol and 3.7% in overall ethanol supply. It is also expanding into compressed biogas (CBG) production and plans to become one of India's largest Bio-CNG producers. India's ethanol blending rate has climbed to 18.4% in ethanol supply year 2024–25, with a record 19.7% blending in February 2025. The government is targeting 20% blending by the end of the year. TruAlt is also planning to establish a Sustainable Aviation Fuel (SAF) production facility with an annual capacity of 10 crore litres. The plant is expected to position it among the world's largest SAF producers using ethanol as feedstock. 'Our model sources agri-residue and biomass from rural communities, creating a circular economy where we return health to the soil and wealth to the farmer,' Nirani said.
Yahoo
10-02-2025
- Business
- Yahoo
Vijay Nirani Honored as India Climate Youth Icon at India Climate Samman 2025
NEW DELHI, Feb. 10 2025 /PRNewswire/ -- Vijay Nirani, Founder and Managing Director TruAlt Bioenergy, has been recognized as the India Climate Youth Icon at the India Climate Samman 2025, a prestigious initiative celebrating "प्रकृति संवर्धक" (Sustainers of Nature) organised by Carbon Markets Association of India. This prestigious recognition honors individuals and organizations driving transformative climate action and sustainable development. Mr. Nirani's leadership in renewable energy, biofuels, and sustainable industrial practices has positioned him as a key force in India's clean energy transition. Through TruAlt Bioenergy, he has pioneered advancements in biofuels and renewable energy solutions, accelerating India's journey toward a low-carbon, self-reliant economy. Receiving the honor, Mr. Nirani stated: "Climate action is not just an obligation — it's an opportunity to redefine our economic and environmental future. This recognition is a reaffirmation to the collective efforts of industry pioneers, policymakers and changemakers working toward a cleaner, more resilient world. India is on the brink of an energy revolution and we are committed to accelerating a sustainable and self-reliant future." Alongside Vijay Nirani, several eminent leaders and organizations were recognized for their pioneering contributions to sustainability and climate action: Lifetime Achievement in Climate Leadership: Dr. Vijay Kumar Saraswat – Former Secretary, DRDO & Member, NITI Aayog Dr. Ajay Mathur – Director General, International Solar Alliance India Climate Policy Champions: Mr. RR Rashmi – Former Special Secretary, Ministry of Environment, Forest & Climate Change Dr. R K Malhotra – Former Chairman & Director of R&D, Indian Oil Corporation India Women in Climate Leadership: Ms. Veena Sinha – Former CEO, REMCL India Climate Champion in Innovation and Technology: Dr. Alok Sharma – Director (R&D), Indian Oil Corporation India Green Infrastructure Leadership: Larsen & Toubro Ltd. India Net-Zero Leadership: REMC Limited India Innovative Climate Action Project: Indian Oil Corporation Ltd. India Maximum Carbon Projects: The Tata Power Company Ltd. Malpani Group Sembcorp Green Infra Ltd. The India Climate Samman 2025, convened policymakers, global industry leaders, and sustainability experts to foster dialogue and collaboration on climate resilience, energy innovation, and sustainable development. About TruAlt Bioenergy: TruAlt Bioenergy is one of India's largest biofuels producers, strategically positioned as a prominent and diversified player in the biofuels industry, particularly in the ethanol sector. The company holds the distinction of being the largest ethanol producer in India by installed capacity. Through its subsidiary, Leafiniti Bioenergy, TruAlt Bioenergy is one of the first producers of Compressed Biogas (CBG) under the Sustainable Alternative Towards Affordable Transportation (SATAT) scheme, introduced by the Government of India in 2018. Visit For more information or media enquiries, please contact:Ms. Shivaaneey Rai, TruAlt Bioenergy+91-9545850823 / avpcomms@ Photo: View original content to download multimedia: Sign in to access your portfolio
