Trualt Bioenergy has received approval for the acquisition of 51% of the paid-up share capital of Trualt Gas (TGPL). The acquisition includes, 35,08,807 Equity shares of a face value of Rs 10 each, at a price of Rs 24 per shares aggregating to Rs 8.42 crore. The acquisition is to be completed on or before November 30, 2025.
The Board of Directors of the company in its meeting held on October 19, 2025, inter-alia, has considered and approved the same. The proposed acquisition is being undertaken by the company with the objective of expanding its presence in the compressed biogas (CBG) sector, which aligns with the company’s long-term strategy to diversify into sustainable and renewable energy businesses. TGPL is engaged in the business of processing municipal solid waste, press mud and natural gas.
Trualt Bioenergy is one of India’s largest biofuels producers, having strategically positioned its elves as a prominent and diversified player in the biofuels industry in India, primarily in the production of Ethanol.
