TruAlt Bioenergy Limited said on Thursday that it received approval for financial assistance of ₹150 crore under the Government of India’s PM JI-VAN Yojana (Jaiv Indhan–Vatavaran Anukool Fasal Awashesh Nivaran) for its proposed commercial-scale Sustainable Aviation Fuel (SAF) project at Bagalkot, Karnataka.

The approval was granted by the Centre for High Technology (CHT) under the Ministry of Petroleum & Natural Gas (MoPNG), the company said. The approved financial assistance of ₹150 crore 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 company said in a statement.

The PM JI-VAN Yojana initiative is aimed at accelerating the commercialisation of advanced biofuels. Through targeted financial support, the scheme promotes technological innovation, utilisation of renewable feedstocks and agricultural residue and the development of indigenous low-carbon fuel technologies.

TruAlt said the proposed Sustainable Aviation Fuel (SAF) facility, with a planned production capacity of 10 crore litres per annum, is expected to play a pivotal role in advancing India’s energy transition and aviation decarbonisation objectives.

Vijay Nirani, Managing Director, TruAlt Bioenergy, said, “This milestone represents far more than the development of a new facility, as the world accelerates towards decarbonising aviation, Sustainable Aviation Fuel will become an indispensable pillar of the future energy landscape. At TruAlt, we are committed to building globally competitive, indigenous solutions that strengthen India’s energy security while advancing climate goals. We are grateful to the Government of India for its continued support in fostering innovation and enabling the commercialisation of next-generation biofuels. Together, we have the opportunity to position India as a global hub for sustainable fuels and clean energy technologies.”

As India’s largest ethanol producer with an installed ethanol production capacity of 2,000 KLPD and integrated operations across the biofuels value chain, TruAlt continues to expand its portfolio across ethanol, compressed biogas (CBG), sustainable aviation fuel and other future fuels, the company said.

TruAlt scrip closed at ₹489, down 0.53 per cent on the NSE on Thursday.

Published on June 18, 2026