Bengaluru, June 18, 2026: TruAlt Bioenergy Limited, India’s largest ethanol producer and a leading integrated biofuels company, today announced that it has 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) Yojana for its proposed commercial-scale Sustainable Aviation Fuel (SAF) project at Bagalkot, Karnataka.
The approval has been granted by the Centre for High Technology (CHT) under the Ministry of Petroleum & Natural Gas (MoPNG), marking a significant milestone in TruAlt’s strategic expansion into advanced biofuels and sustainable aviation solutions. 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 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 (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 decarbonization objectives. The project will contribute to the development of a domestic SAF 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 (CORSIA) and India’s announced SAF blending targets of 1% by 2027, 2% by 2028, and 5% by 2030. As demand for sustainable aviation fuels accelerates globally, the project is expected to position India as a competitive producer of SAF while enhancing energy security and supporting the growth of a low-carbon aviation industry.
Commenting on the development, Mr. Vijay Nirani, Managing Director, TruAlt Bioenergy Limited, said: “This milestone represents far more than the development of a new facility, as the world accelerates towards decarbonizing 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 commercialization of next-generation biofuels. Together, we have the opportunity to position India as a global hub for sustainable fuels and clean energy technologies.”
The SAF project aligns with India’s growing focus on sustainable aviation and supports emerging global and domestic SAF blending requirements. Leveraging TruAlt’s extensive experience in large-scale biofuel production, feedstock management, and renewable energy operations, the project is expected to contribute meaningfully to the development of a domestic SAF value chain.
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.
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.
TruAlt Bioenergy Secures Rs 150 Crore Under PM JI-VAN For SAF Project
