COMPRESSED BIOGAS
Chiraharit shares list at 20% discount over IPO price on BSE SME platform
Chiraharit's SME IPO closed with decent subscription, driven by retail investors, and will list on October 8. The company, which provides EPC solutions for water and renewable energy, aims to expand its manufacturing capabilities. Analysts anticipate modest listing gains of 5-10% due to a cautious market and small issue size.
15 cooperative sugar mills to get NCDC funding for CBG, potash plants: Amit Shah
Union Home and Cooperation Minister Amit Shah announced that 15 cooperative sugar mills will receive NCDC funding to establish compressed biogas and potash production plants. Speaking at the inauguration of a pioneering unit, he emphasized these projects mark a new chapter for India's cooperative sector, promoting self-reliance and a circular economy.
TruAlt Bioenergy shares list at 11% premium over IPO price
TruAlt Bioenergy share price: TruAlt Bioenergy shares debuted with a premium on October 3 after its Rs 839.28 crore IPO was oversubscribed 75 times, driven by strong institutional demand. The company, a major ethanol producer, reported rapid growth in FY25, but analysts note its aggressive valuation despite robust investor interest in renewables.
Trualt Bioenergy IPO allotment: Here’s how to check status online as GMP remains healthy
Trualt Bioenergy's Rs 839 crore IPO closed with a 75.02x subscription, indicating strong investor interest. Allotment is set for September 30, with a 22% grey market premium hinting at a robust listing on October 3. The company plans to expand ethanol capacity and venture into new biofuels, despite analysts noting stretched valuations.
TruAlt Bioenergy IPO Day 3: GMP hints at 19% listing gains; issue fully subscribed on NII push
TruAlt Bioenergy IPO GMP: TruAlt Bioenergy's initial public offering was fully subscribed. Investors showed strong interest in the Rs 839.28 crore issue. The grey market premium indicated a solid listing expectation. The company is a leading ethanol producer with significant financial growth. IPO funds will support expansion and working capital needs. Shares are expected to list on October 3, 2025.
Chiraharit IPO: Check GMP, price band and other details
Chiraharit SME IPO will open on September 29. The issue price is Rs 21 per share. It is a fresh issue of 1.48 crore equity shares. The company provides solutions in water and renewable energy sectors. It also undertakes construction projects. Chiraharit's revenue nearly doubled in FY25. Profit after tax surged 898%.
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India aims to be among top 2 auto makers, double auto production in 5 years
India is drafting an ambitious Automotive Mission Plan 2047 to boost vehicle production to 50 million by 2030 and 200 million by 2047, aiming for a top-two global position. The plan prioritizes local sustainable vehicle production and exports, while gradually reducing internal combustion engine vehicle share without immediate curbs.
TruAlt Bioenergy IPO Day 2: Issue subscribed nearly 50% so far; Check GMP, other key details
TruAlt Bioenergy's Rs 839.28-crore IPO saw strong demand, subscribed 49% on its second day. The IPO, priced between Rs 472 and Rs 496, features a fresh issue and an offer for sale. The company, a major ethanol producer, will use IPO proceeds for expansion and working capital, projecting a potential listing price of Rs 576 per share.
TruAlt Bioenergy IPO Day 1: Issue subscribed 8% so far. Check GMP and other key details
TruAlt Bioenergy’s Rs 839.28-crore IPO opened modestly on September 25, with 8% subscription in the first few hours as investors bid for 9.92 lakh shares against 1.23 crore on offer. Priced at Rs 472–496 per share, the issue includes a Rs 750-crore fresh issue and an Rs 89.28-crore offer-for-sale, with NIIs showing 9% subscription by noon.
TruAlt Bioenergy IPO opens for bidding: Check GMP, price band and other details
TruAlt Bioenergy launches its IPO today, closing on September 29. The IPO price is between Rs 472 and Rs 496 per share. The company aims to raise Rs 839.28 crore through fresh issue and OFS. The IPO proceeds will be used for expansion and working capital. The company's revenue and profit have increased significantly in FY25.
Will TruAlt Bioenergy’s IPO fuel long-term gains for investors?
TruAlt Bioenergy, an Indian biofuels producer, is set to launch its IPO to raise ₹750 crore for expansion and working capital, alongside an ₹89 crore offer for sale. While the company benefits from the growing ethanol and biogas demand, it faces policy risks. Financials show strong revenue and profit growth, but also increased debt.
2015 Vs 2020 Vs 2025. For investors with a 2030 perspective: A combination of stocks with upside potential of up to 38%
Transformation is a word often used in a positive sense when it comes to different sectors. But, as they say, the proof of pudding lies in the eating. So, let’s check whether energy and power sector companies, which faced existential crises and had to transform and stay relevant, have really been able to change themselves. Because a company which is not able to adapt to change will not be able to create value for its shareholders. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks, along with detailed company analysis focusing on five key components: earnings, fundamentals, relative valuation, risk, and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Trualt Bioenergy fixes IPO price band at Rs 472–496; issue to open on September 25
Trualt Bioenergy, a major Indian ethanol producer, is launching its IPO with a price band of Rs 472–496 per share, aiming to raise Rs 839 crore. The IPO opens on September 25 and closes on September 29, with listing on October 3.
Oil India signs pact with RVUNL for 1.2 GW green energy projects in Rajasthan
Oil India Limited (OIL) and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) have partnered to develop 1.2 GW of renewable energy projects in Rajasthan. The joint venture will establish 1000 MW of solar and 200 MW of wind power within RVUNL's Renewable Energy Park.
Indian conglomerates step up sustainability goals amid rising climate risks
Indian conglomerates including L&T, Vedanta, RPG Group and Zensar are accelerating sustainability efforts amid rising climate risks. L&T launched a Green Campus initiative, cut emissions with biogas, and is targeting zero-waste facilities. Vedanta tied ESG goals to business performance and incentives. RPG’s CEAT and KEC introduced eco-friendly products and digital substations. Raychem RPG and Zensar invested in carbon offsets and solar projects.
Cos reset sustainability goals amid extreme weather surge
Indian conglomerates like L&T, RPG Group, and Vedanta are intensifying sustainability efforts due to increased extreme weather events. These initiatives include reducing carbon emissions, promoting renewable energy, and implementing ESG metrics into business goals. Companies are also focusing on waste reduction, biodiversity restoration, and employee training in climate mitigation.
GST cut to boost private investment in biogas sector
The Goods and Services Tax on biogas plants is now lower. The new rate is five percent. This change should bring more private investment. The Indian Biogas Association believes projects will become cheaper. They also think this will create jobs. The association hopes for more focus on the supply chain. This move can help biogas projects in India.
India challenges US rhetoric on Russian crude, Oil minister Puri counters 'laundromat' jibe
Amidst US criticism over Russian oil imports, India's Oil Minister Hardeep Puri defended the country's energy strategy, arguing that it stabilises global markets and prevents price surges. Puri refuted claims of undermining sanctions, highlighting adherence to international rules and legal transactions.
From oil to green power: Reliance bets on the world’s largest clean energy hub
Reliance Industries is shifting from fossil fuels to clean energy. The company plans a mega battery plant by 2026. It will build a solar project larger than Singapore. Reliance aims for 3 million tonnes of green hydrogen by 2032. Anant Ambani envisions an integrated new energy ecosystem.
Suzuki pledges Rs 70,000 cr investment in India over next 5-6 years
Suzuki plans a significant investment of Rs 7000 crore in India. This investment will occur over the next five to six years. The company will begin lithium-ion battery cell production for hybrid cars. Maruti Suzuki intends to export its electric SUV, the e-Vitara. The e-Vitara will be shipped to 100 countries. Production will take place at the Gujarat plant.
CBG, LNG to drive India's gas sector growth in next five years, says IGL's Sanjeev Bhatia
City gas companies anticipate compressed biogas (CBG) and liquefied natural gas (LNG) will drive India's clean energy transition in the next decade. IGL is setting up CBG plants, while also pushing for LNG adoption in the transport sector. India's renewable energy achievements position it as a global solar leader, emphasizing the need for decarbonization in hard-to-abate sectors.
German Development Bank backs Indian Biogas venture with 38 mn euro funding
CEF Group, an Indian cleantech company, has secured 38 million euros in funding from a German bank to build compressed biogas (CBG) plants. These facilities will convert agricultural and municipal waste into clean fuel, supporting India's SATAT initiative. With three projects already underway, CEF aims to establish 22 plants nationwide, fostering a circular economy and reducing reliance on fossil fuels.
Assam govt approves MoU with Reliance Bio-Energy Limited for promoting compressed biogas sector
The Assam government has approved an MoU with Reliance Bio-Energy Limited to promote the Compressed Biogas Sector. This initiative will reduce fossil fuel pollution and boost employment for farmers.
Compressed biogas price mechanism to be tweaked
CBG prices, which are linked to the retail rates of compressed natural gas (CNG), have fallen about 12% in the past year and a half to Rs 1,290 per mmbtu from Rs 1,470. The decline was partly driven by the government's decision in April 2023 to cap the price of domestic natural gas to $6.5 per mmbtu. City gas distributors mix this price-capped natural gas with CBG to serve their CNG customers.
Indraprastha Gas Ltd plans to set up 19 compressed biogas plants
Indraprastha Gas Ltd (IGL) announced plans to establish 19 compressed biogas (CBG) plants to integrate with its city gas distribution network. According to the company's statement, IGL has entered into preliminary agreements with two technology partners to set up these plants across Delhi, Haryana, Rajasthan, and Uttar Pradesh.
100 new biogas plants soon to be established in UP: Hardeep Puri
Union Petroleum Minister Hardeep Singh Puri announced the establishment of 100 new biogas plants in Uttar Pradesh. A new compressed biogas plant was inaugurated in Budaun, with the foundation stone being laid for new plants in eight other districts. The Budaun plant, developed on 50 acres with an investment of about Rs 135 crore, will produce 14 tonne of compressed biogas daily.
MGL to set up compressed biogas (CBG) plant in Mumbai with BMC
MGL will set up the plant on a plot of land to be provided by BMC, which will be responsible for the daily supply of required feedstock for the CBG plant The Compressed Biogas produced by the plant will be consumed within BMC limits.
Assam to come up with Northeast India's first-ever compressed biogas plant
Being set-up by entrepreneurs Pankaj Gogoi and Rakesh Doley under the banner of Redlemon Technologies, the plant, proposed to be operational from November 2023, will have a production capacity of 5 tonne-per-day of compressed biogas that would be produced from raw materials such as cattle-dung, municipal solid wastes, etc.
Haryana government inks pact with Indian Oil Corporation to set up bio-CNG plants
Chairman, Haryana Renewable Energy Development Agency (HAREDA) Shailendra Shukla signed the MoU on behalf of the state government, while Executive Director Subodh Kumar signed on behalf of IOCL.
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