Mumbai, (Udaipur Kiran). TruAlt Bioenergy shares gained over 3% on the BSE after the company signed a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB) to set up one of the world’s largest Sustainable Aviation Fuel (SAF) production facilities in Andhra Pradesh.
The stock was trading at Rs 474.00, up 14.35 points or 3.12% from its previous close of Rs 459.65. It opened at Rs 472.05 and moved between a high of Rs 479.00 and a low of Rs 467.00. A total of 7,097 shares were traded so far.
The BSE Group ‘B’ stock, with a face value of Rs 10, recorded a 52-week high of Rs 550.00 on 3 October 2025 and a 52-week low of Rs 401.75 on 6 November 2025. Over the past week, the scrip traded between Rs 488.00 and Rs 424.65. The company’s current market capitalisation stands at Rs 3,941.62 crore.
Promoters hold 70.55% of the company’s equity, while institutions and non-institutional investors hold 8.38% and 21.07%, respectively.
Major MoU for SAF Project
Under the MoU, TruAlt Bioenergy will invest around Rs 2,250 crore to develop an 80,000 TPA integrated ethanol-to-SAF manufacturing facility in the Srikakulam–Vizianagaram region of Andhra Pradesh. The project is expected to create over 500 direct jobs and nearly 2,000 indirect jobs, supporting economic growth and industrial expansion in the region.
The company will use its position as India’s largest ethanol producer to ensure high-quality feedstock and enable large-scale SAF production via the Alcohol-to-Jet Synthetic Paraffinic Kerosene (ATJ-SPK) pathway, a certified route under the International Civil Aviation Organization (ICAO). This method converts sugar-based feedstock into ethanol, which is upgraded into aviation-grade jet fuel.
TruAlt Bioenergy is one of India’s largest biofuels producers, strategically positioned as a prominent and diversified player in the country’s biofuels sector, primarily in ethanol production.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
