Trualt Bioenergy Ltd signs non-binding MoU with APEDB for Sustainable Aviation Fuel plant

TruAlt Bioenergy Limited ("the Company") has been exploring opportunities in the renewable and lowcarbon energy segment, with a particular focus on Sustainable Aviation Fuel ("SAF"). SAF is a next-generation biofuel produced from renewable feedstocks such as agricultural residues, used cooking oil, and municipal solid waste, and is considered critical for enabling the aviation industry's long-term decarbonisation targets.

As part of the Company's strategic initiative to diversify into high-growth green fuel segments, the Company has entered into a non-binding Memorandum of Understanding ("MoU") with the Andhra Pradesh Economic Development Board (APEDB), the Government of Andhra Pradesh's nodal agency for promoting large-scale industrial and infrastructure investments. The MoU provides a framework for the potential establishment of a Sustainable Aviation Fuel production facility in the State of Andhra Pradesh.

The proposed project is envisaged to involve a total investment of approximately ₹2,250 crore, to be developed in phases, subject to detailed feasibility assessments, technology evaluation, and confirmation of commercial viability. The project structure, financing plan, and implementation schedule will be finalised upon completion of the feasibility studies and due-diligence processes, and thereafter through the execution of definitive agreements.

This MoU is expected to enable the Company to:

- To strengthens its positions as an early entrant in India's emerging SAF ecosystem;

- Align with India's national biofuel policy and long-term net-zero commitments;

- Leverages State Government support through APEDB for land, infrastructure, and regulatory facilitation;

- Provides potential access to carbon credits and ESG-linked investment opportunities; and

- Enhances Trualt Bioenergy's strategic visibility as a forwardlooking clean energy company.

The MoU is non-binding in nature and does not have any immediate financial impact. The Company will make further disclosures as and when required in accordance with applicable regulations.

Shares of Trualt Bioenergy Limited was last trading in BSE at Rs. 459.65 as compared to the previous close of Rs. 473.00. The total number of shares traded during the day was 8592 in over 574 trades.

The stock hit an intraday high of Rs. 480.40 and intraday low of 454.10. The net turnover during the day was Rs. 3978854.00.

Source : Equity Bulls

Keywords

TrualtBioenergy INE0MWH01014 AgriculturalProducts SustainableAviationFuel MoU NonBinding APEDB