GAIL (India) Limited and TruAlt Bioenergy have formed a joint venture to accelerate the growth of the compressed biogas (CBG) sector in India.
As part of the agreement, GAIL will acquire a 49 per cent equity stake in Leafiniti Bioenergy Private Limited, a wholly owned subsidiary of TruAlt. The transaction is subject to the completion of conditions precedent and approval from the Department of Investment and Public Asset Management. The joint venture will establish multiple greenfield CBG plants in phases, starting with six plants of 12 tonnes per day capacity each.