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Business Standard
12-06-2025
- Business
- Business Standard
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@
NDTV
11-06-2025
- 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.
Business Recorder
15-05-2025
- Automotive
- Business Recorder
Rs2 cut in HSD price, petrol rate unchanged
KARACHI: The federal government on Thursday decided to keep the price of petrol unchanged at Rs252.63 per litre for the next fortnight, despite a decline in international petroleum rates. The move comes as part of a decision to transfer the potential consumer relief to oil refineries, marketing companies, and dealers instead. However, the price of High-Speed Diesel (HSD) has been reduced by Rs2, bringing it down from Rs256.64 to Rs254.64 per litre, according to a notification issued by the Finance Division. The new prices are effective from May 16, 2025. The decision was made on the recommendation of OGRA and relevant ministries. Copyright Business Recorder, 2025
Business Recorder
02-05-2025
- Business
- Business Recorder
Petroleum sales jump 32% YoY in Pakistan as demand surges
Pakistan's Oil Marketing Companies (OMCs) recorded sales of 1.46 million tons in April 2025, up by 32% against the sales recorded in the same month the previous year, according to a Arif Habib Limited (AHL) report on Friday. On a monthly basis, the OMC sales in April were up by 20%, against 1.22 million tons recorded in March 2025. The rise in the sales come in line with a rise in demand as economic activities pick up in the country. As per the AHL report, total sales for the first ten months of the ongoing fiscal year (10MFY25) to 13.22 million tons, reflecting a 6% year-on-year (YoY) increase compared to 12.44 million tons in 10MFY24. Product wise, Motor Spirit (MS) sales saw 24% YoY and 14% MoM rise to 660k tons in April 2025. Similarly, High-Speed Diesel (HSD) sales rose by 33% YoY and 28% MoM to 620k tons in the said month. FO sales for April 2025 rose 182% YoY and 55% MoM to 80k tons. Company wise data showed that among listed entities, Attock Petroleum (APL) sales stood at 130K tons in April 2025, up 28% YoY and 20% MoM, primarily due to a rise in FO and HSD sales. Pakistan State Oil (PSO) saw an increase of 12% YoY while 22% MoM to 620K tons in April 2025. Wafi Energy Pakistan Limited (WAFI) saw an increase of 23% YoY while up 14% MoM to 100K tons. HASCOL sales clocked in at 50k tons, up 76% YoY and down by 4% MoM.
Express Tribune
15-04-2025
- Business
- Express Tribune
Consumers to see Rs51.5b power tariff relief
QATPL is a private limited company, wholly owned by the Government of Punjab and incorporated under the Companies Ordinance 1984 on March 25, 2015. The facility will be a thermal IPP using RLNG as the primary fuel and High-Speed Diesel (HSD) as a back-up. PHOTO: AFP Listen to article Consumers are set to receive a relief of Rs51.493 billion on account of the third quarter of fiscal year 2024-25, with NEPRA scheduled to hold a public hearing on April 29, 2025, to consider the requests of ex-WAPDA distribution companies (DISCOs) for these quarterly adjustments. The proposed reductions pertain to capacity charges, transmission charges, market operator fees, variable operation and maintenance costs, the impact of incremental units, and transmission and distribution losses on the monthly fuel cost adjustment (FCA). According to documents, the DISCOs submitted a consolidated request for the JanuaryMarch 2025 quarter, in accordance with NEPRA's notified tariff and approved adjustment mechanism. The net adjustment is negative, indicating a reduction in recoverable costs for most companies. Multan Electric Power Company (MEPCO) submitted the largest reduction request of Rs15.646 billion, followed by Lahore Electric Supply Company (LESCO) at Rs9.077 billion, Gujranwala Electric Supply Company (GEPCO) at Rs7.204 billion, Tribal Areas Electric Supply Company (TESCO) at Rs4.341 billion, Faisalabad Electric Supply Company (FESCO) at Rs4.690 billion, and Quetta Electric Supply Company (QESCO) at Rs2.238 million, Hyderabad Electric Supply Company (HESCO) at Rs3.903 billion, and Sukkur Electric Power Company (SEPCO) at Rs3.494 billion. Islamabad Electric Supply Company (IESCO), in contrast, requested a net positive adjustment of Rs1.762 billion. Capacity charges form a substantial portion of these adjustments. Key figures include MEPCO at Rs14.437 billion, LESCO at Rs7.824 billion, GEPCO at Rs7.204 billion, FESCO at Rs4.254 billion, SEPCO at Rs3.317 billion, HESCO at Rs3.903 billion, QESCO at Rs2.289 billion, and TESCO at Rs4.035 billion. IESCO and Peshawar Electric Supply Company (PESCO) each reported multiple figures for capacity charge adjustments. NEPRA has clarified that under federal policy guidelines, the quarterly adjustment, once determined, will also apply to K-Electric consumers. A public hearing notice invites stakeholders to submit written or oral comments. Relevant regulations and requests are available on NEPRA's website. FCA for March Additionally, consumers of all DISCOs except K-Electric may benefit from a further relief of Rs0.0309 per kilowatt-hour (kWh) as a fuel cost adjustment (FCA) for March 2025. NEPRA has scheduled a separate public hearing on April 29 to deliberate this proposed decrease. The request, submitted by the Central Power Purchasing Agency Guarantee Limited (CPPA-G), proposes reducing the fuel cost component from the reference rate of Rs9.2560/kWh to Rs9.2251/kWh. Under Section 31(7) of the NEPRA Act, NEPRA is empowered to adjust monthly tariffs based on fuel price variations, subject to federal policy guidelines. If approved, the adjustment will be notified in the official Gazette. In March 2025, total energy generation stood at 8,409 GWh. Hydel sources contributed 1,297 GWh (15.42%), local coal 1,393 GWh (16.57%) at Rs12.2408/kWh, and imported coal 545 GWh (6.48%) at Rs17.7377/kWh. No generation occurred using high-speed diesel, while RFO-based generation was 4 GWh at Rs29.5109/kWh. Gas-based generation stood at 979 GWh (11.64%) at Rs11.8982/kWh, and RLNG accounted for 1,528 GWh (18.17%) at Rs23.1144/kWh. Nuclear energy provided the largest low-cost share at 2,223 GWh (26.43%) at Rs1.9999/kWh. Iran supplied 39 GWh at Rs24.9993/kWh. Renewable sources contributed modestly: wind at 230 GWh (2.74%), solar at 120 GWh (1.43%), and bagasse at 51 GWh (0.61%) at Rs5.9822/kWh. Total generation cost Rs79.522 billion, averaging Rs9.4569/kWh. After adjusting for a previous negative FCA of Rs0.3914/kWh (Rs3.291 billion) and energy sales to IPPs of 27 GWh (Rs1.379 billion), net energy delivered to DISCOs was 8,114 GWh.
