Announcement • Jun 21
TruAlt Bioenergy Limited Receives INR 1,500 Million Financial Assistance Approval Under PM JI-VAN Yojana For Sustainable Aviation Fuel Project TruAlt Bioenergy Limited announced that it has received approval for financial assistance of INR 1,500 million under the Government of India's PM JI-VAN Yojana (Jaiv Indhan–Vatavaran Anukool Fasal Awashesh Nivaran) Yojana for its proposed commercial-scale Sustainable Aviation Fuel project at Bagalkot, Karnataka. The approval has been granted by the Centre for High Technology under the Ministry of Petroleum & Natural Gas, marking a significant milestone in TruAlt's strategic expansion into advanced biofuels and sustainable aviation solutions. The approved financial assistance of INR 1,500 million is expected to incentivise approximately 7–10% of the project's capital expenditure, thereby enhancing project viability and supporting the accelerated development of domestic Sustainable Aviation Fuel production capacity in India. The PM JI-VAN Yojana is a flagship initiative of the Government of India aimed at accelerating the commercialization of advanced biofuels. Through targeted financial support, the scheme promotes technological innovation, utilization of renewable feedstocks and agricultural residue and the development of indigenous low-carbon fuel technologies, contributing to India's objectives of energy security, rural prosperity, environmental sustainability, and climate resilience. The proposed Sustainable Aviation Fuel facility, with a planned production capacity of 100 million litres per annum, is expected to play a pivotal role in advancing India's energy transition and aviation decarbonization objectives. The project will contribute to the development of a domestic Sustainable Aviation Fuel ecosystem, strengthen indigenous production of low-carbon aviation fuels, reduce dependence on imported fossil fuels, and support India's long-term net-zero ambitions. The facility is also strategically aligned with the global aviation sector's decarbonization roadmap under the Carbon Offsetting and Reduction Scheme for International Aviation and India's announced Sustainable Aviation Fuel blending targets of 1% by 2027, 2% by 2028, and 5% by 2030. The financial assistance will be released in accordance with project milestones and the terms of the Memorandum of Agreement to be executed with the Centre for High Technology. Reported Earnings • May 23
Full year 2026 earnings released: EPS: ₹12.30 (vs ₹20.94 in FY 2025) Full year 2026 results: EPS: ₹12.30 (down from ₹20.94 in FY 2025). Revenue: ₹18.1b (down 4.9% from FY 2025). Net income: ₹959.5m (down 34% from FY 2025). Profit margin: 5.3% (down from 7.7% in FY 2025). The decrease in margin was driven by lower revenue. 
